The Ontario Teachers’ Pension Plan Board says it plans to more than double its investments in its venture capital and growth equity arm.
The pension fund manager says it is looking to make investments in the sector comprise seven to 10 per cent of its net assets over the next five to 10 years, up from about three per cent today.
As part of the shift, Ontario Teachers’ says Teachers’ Innovation Platform will be renamed Teachers’ Venture Growth (TVG).
OBJ360 (Sponsored)
City Building: Ahead by a century
At the turn of the 19th century, brick-making was a decentralized industry. Wherever communities were growing, some enterprising local would see the need for both sawn lumber and bricks with
Getting an education is the key to success in life and business. But when you can receive that education while also getting real-world experience and giving back to the community
TVG currently holds a $7.1-billion portfolio, including 20 direct investments and several partnerships.
It plans to hire 12 people over the next year and will also open a new office in San Francisco.
Ontario Teachers’ had $241.6 billion in net assets at the end of last year.
