Teachers' Private Capital exceeds benchmark with 22 pct return

The Ontario Teachers' Pension Plan (OTPP) had a rate of return on investments of 11.8 percent at the end of 2014, increasing its net assets to a record $154.5 billion from $140.8 billion at the end of 2013. The Toronto-based pension fund, which manages the retirement savings of Ontario teachers, also reported a 10.2 percent annualized return since its inception in 1990. Investments by Teachers' Private Capital, OTPP's private equity investment subsidiary, also rose to $21 billion last year in part due to 13 new direct investments. Teachers' Private Capital showed a return of 22 percent, above its benchmark of 16.3 percent.

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