Pensions
Ontario Teachers’ Pension Leads $150M Venture Round for Credit Card Startup Bilt
Other funding sources included endowments at Vanderbilt and the University of Illinois.
Sanjiv Aggarwal will join the $5 billion sovereign-linked pension fund from U.K. investment firm Actis.
A research paper profiles value-enhancing deals by the likes of CDPQ and PSP.
Cherki will oversee a team of 40 and manage the pension fund’s C$29.3 billion real estate portfolio.
That’s nearly five times its valuation in 2012, when Ontario Teachers’ sold its 79.53% stake for almost $1.3 billion.
Bruce Crane has managed the Canadian pension fund’s infrastructure and natural resources investments in the region since 2020.
The $183 billion Canadian pension fund said its exposure to failed crypto exchange was minimal.
Institutional investors are still placing long-term bets on emerging markets despite recent volatility.