Ontario Teachers’ Pension Plan (OTPP) is looking for a senior principal to join its funds team in London to oversee its private equity fund investment activities in the EMEA region, according to a job posting on the pension fund’s website.
The role is part of the global funds team, and will report to Tanya Carmichael, who leads the team from Toronto.
The new hire will serve as “the focal point for important partner relationships and investment opportunities” for the C$154.4 billion (€97 billion; $105 billion) pension fund in the EMEA region, building strong relationships with existing and prospective fund managers.
The role will also play a part in developing the direct investing teams’ relationships with EMEA fund partners, and providing support as required on the execution of co-investment opportunities.
The new head will take the lead on due diligence on fund managers, preparing and presenting investment recommendations to Teachers Private Capital’s underwriting committee and investment division. The senior principal will also be required to take a leadership role on limited partner advisory committees, as well as actively participating in the Institutional Limited Partners’ Association and other industry initiatives.
As well as having “extensive” experience in private equity fund investing, “fluency” in fund best practices, and knowledge of relevant business and regulatory issues, the ideal candidate will demonstrate “disciplined thinking, sound judgment and courage of conviction, with a willingness to take a balanced risk”.
The candidate must also have an “appreciation of the cross asset class elements at OTPP and the collaboration required to solicit perspectives from different stakeholders”.
OTPP opened its London office, its first outside Canada, in 2007. Its London team is run by Jo Taylor, regional managing director for the EMEA region. Taylor oversees origination, analysis, execution, value creation and realisation of investments within the region.
In January, the pension plan appointed Bjarne Graven Larsen executive vice president and chief investment officer, effective 1 February. Graven Larsen was formerly CIO at Danish pension plan ATP.
Recent private equity fund commitments in the EMEA region include to EQT VI, a 2011-vintage, €4.82 billion fund and to the 2013-vintage, $2.4 billion Park Square Capital Credit Opportunities II, according to PEI Research & Analytics.
The deadline for applications for the role is 29 January.