Private equity firm Peloton Capital Management has made its inaugural investment of $75 million in 123Dentist, the largest majority Canadian-owned network of dental practices. Peloton, which launched in November 2018, was founded by two former Ontario Teachers’ Pension Plan managing directors, Steve Faraone and Mike Murray. Jim Leech, the chancellor of Queen’s University and former […]
The Ontario Teachers’ Pension Plan is investing in Space Exploration Technologies Corp., more commonly known as SpaceX. The company, which was founded by Elon Musk, designs, manufactures and operates advanced rockets and spacecraft. It’s the inaugural investment of the Ontario Teachers’ late-stage venture capital and equity growth platform, the Teachers’ Innovation Platform, which was launched […]
The Ontario Teachers’ Pension Plan has terminated an agreement to sell its 10 per cent stake in the Hudson’s Bay Co. to a private entity. The announcement comes after HBC’s publicly traded shares rose above what the Ontario Teachers’ would have received under the Jan. 3 agreement to sell them. It had agreed to sell […]
A real estate partnership co-owned by the Public Sector Pension Investment Board has broken ground on a $1.1-billion private student residence in London, England. The Cherry Park partnership, formed in March by the PSP, European real estate company Unibail-Rodamco-Westfield and Vancouver-based QuadReal Property Group, a subsidiary of the British Columbia Investment Management Corp., is expected to […]
Private capital funds are increasingly turning to subscription credit facilities, which can have their advantages but also come along with risks, according to new research by Preqin Ltd. Subscription credit facilities provide short-term loans to cover transactional costs for private capital funds, so they don’t have to make capital calls to investors. While their use […]
The Caisse de dépôt et placement du Québec is leading a $40-million round of financing for Canadian virtual health-care platform Dialogue. Venture capital firm Holtzbrinck Ventures is also a leader in the financing, accompanied by First Ascent Ventures, Portag3 Ventures, White Star Capital, Walter Capital and National Bank of Canada. “This transaction aligns well with our Quebec investment strategy,” […]
The Caisse de dépôt et placement du Québec is partnering with private equity firm Australis Partners and the International Finance Corp., a part of the World Bank Group, to acquire 50 per cent stakes in Colombia-based Alianza Fiduciaria and Alianza Valores. Both firms are owned by Advent International, a British private equity firm. Alianza Fiduciaria is a […]
The Public Sector Pension Investment Board reported a net return of 7.1 per cent at the end of its last fiscal year, ending March 31, 2019. The fund increased its overall assets under management by 9.7 per cent, jumping from $153.1 billion to $168 billion, including the $3.7 billion the fund received in net contributions. […]
The British Columbia Investment Management Corp., together with private equity firm Preservation Capital Partners, is investing in BMS Group Ltd., the U.K.-based brokerage arm of Minova Insurance Holdings Ltd. While the exact terms of the investment weren’t disclosed, the deal values BMS Group at £500 million, subject to regulatory approvals. “As an investor of patient capital, we seek […]
The Ontario Teachers’ Pension Plan is appointing six new managing directors in its investment division. Maggie Fanari has been promoted to managing director of the teachers’ innovation platform and high conviction equities. Fanari was previously responsible for supporting the build of the global strategy for the innovation platform. Since joining the pension fund in 2006, she’s worked on large-scale investments in both public and […]