Healthcare of Ontario Pension Plan related stories
All articles and analysis
17Capital closes Fund 4 on €1.2bnThe preferred equity pioneer had a 90% re-up rate in its latest vehicle that exceeded its initial target.
- HOOPP posts good returns
Investment income for the year was $6.6 billion compared to $3.1 billion in 2015.
HOOPP's assets top $70 bln with 10.3 pct investment returnHealthcare of Ontario Pension Plan (HOOPP) reported a 10.35 percent return on its investments in 2016, exceeding its portfolio benchmark by 4.23 percent. As a result, net assets overseen by the Canadian pension fund increased to $70.4 billion at the end of last year, up from $63.9 billion in 2015. Private equity investments returned 15 percent on a currency-hedged basis, compared to 17.7 percent the year before. At present, private equity accounts for 7.5 percent of HOOPP's total assets.
- 17Capital to hold final close on Fund 4
The London-based preferred equity pioneer is understood to have beaten its€900 million target.
Penfund V to close in coming weeks above $525 mln targetCanadian private debt and equity investor Penfund has banked the $525 million target set for its fifth mid-market fund and is now raising additional capital for a final close, a person with knowledge of the matter told Buyouts. Penfund Capital Fund V is expected to wrap up appreciably above its target in July or August, the source said. At its current total, the fund is already the largest in Toronto-based Penfund’s 37-year history, surpassing by 14 percent the $460 million secured by its predecessor in March 2012.
PSP Investments eyes energy sector amid oil slump: ReutersThe Public Sector Pension Investment Board (PSP Investments), one of Canada's 10 largest pension fund managers, is considering entering the oil and gas sector, as weak crude prices create opportunities for long-term investors, Chief Executive André Bourbonnais told media this week.
- HOOPP: fee issue is about GP-LP misalignment
The LP community lost control of the fee issue over the past 10-20 years, HOOPP executives tell Private Equity International.
HOOPP's private equity portfolio shows 16.3 pct return in 2014Healthcare of Ontario Pension Plan (HOOPP) turned in a return on its investments of 17.71 percent at the end of 2014, driving its net assets to a record $60.8 billion, up from $51.6 billion in 2013. 2014 results raised the pension plan's 10-year return to 10.27 percent, and its 20-year return to 9.98 percent. HOOPP, which manages retirement funds on behalf of Ontario healthcare workers, credited its performance to a liability-driven investing approach. Its private equity portfolio contributed to overall numbers, showing a return of 16.3 percent last year.
HOOPP beats benchmark with overall 8.6% return in 2013Healthcare of Ontario Pension Plan (HOOPP) showed a rate return on its investments of 8.6% in 2013, as well as a 10-year annualized return of 9.7%, according to its annual report http://hoopp.com/Investments/Annual-Report/ Both performance indicators exceeded benchmarks established by the Toronto-based pension plan. HOOPP's net investment income totaled just over $4 billion last year. This resulted in an expansion of its net assets under management to $51.6 billion. HOOPP's private equity investment arm, HOOPP Capital Partners (HCP), which make commitments to funds and invests directly in privately-held businesses, generated a currency-hedged return of 19.6% in 2013, also exceeding its benchmark. On an unhedged basis, the private equity portfolio returned 26.8%.
- HOOPP private equity returns 9.3%(2)
The Toronto-based pension plan generated an overall return of 17.1% last year, HOOPP’s highest return in a decade.