Ontario Teachers' embarks on London scouting mission |
Date: Friday, May 11, 2007
Author: Vivek Ahuja, Financial News
The private investment arm of the Ontario
Teachers’ Pension Plan, the C$106bn (€71bn) Canadian pension fund, has
opened its first foreign office in London as part of its push to make bigger,
direct private equity investments in Europe.
Teachers’
Private Capital, a part of the Ontario pension fund that has more than
C$4bn invested in European private equity and infrastructure, has set up a
London office and shifted Andrew
Claerhout from Canada to run it, the group said in a statement yesterday.
Jim
Leech, senior vice president at Teachers’ Private Capital, said the new
office “enables us to scout direct private equity investments as well as
partnership commitment opportunities”.
He added: “Although we initially invested only as a minority shareholder with
partners, as the fund has grown, we have moved to assume larger positions.”
The
Reproduction in whole or in part without permission is prohibited.
