Ontario Teachers' Pension Plan logo

Ontario Teachers' Pension Plan

North America, Ontario, Canada, Toronto

Description

The Ontario Teachers' Pension Plan (OTPP) is one of Canada's largest and most respected institutional investors, managing the pensions of over 340,000 active and retired teachers in Ontario. Established in 1990, OTPP has grown to become a global powerhouse, with net assets under management reaching an impressive $247.5 billion as of December 31, 2023. Its investment strategy is characterized by a long-term horizon, a highly diversified portfolio across various asset classes, and a commitment to patient capital, enabling it to pursue complex and large-scale opportunities worldwide.

OTPP's investment approach spans public and private markets, including public equities, fixed income, real estate, infrastructure, natural resources, and private equity. A significant part of its strategy involves direct investments, particularly through specialized platforms. The Teachers' Innovation Platform (TIP) and Teachers' Venture Growth (TVG) are two key initiatives that focus on late-stage venture and growth equity investments. These platforms target disruptive technology companies, as well as high-growth businesses in sectors such as enterprise software, fintech, healthcare, and consumer technology.

Through TIP and TVG, OTPP acts as a substantial growth equity investor, providing significant capital to companies with proven business models and strong growth trajectories. They are not typically involved in early-stage seed or Series A rounds, but rather focus on later-stage funding that can range from tens to hundreds of millions of dollars. Their global reach allows them to identify and invest in promising companies across North America, Europe, and Asia, leveraging their deep industry expertise and extensive network.

OTPP's commitment to innovation and its substantial capital base position it as a critical partner for scaling companies seeking significant growth investment. Their patient capital approach and focus on long-term value creation align well with companies aiming for sustainable expansion and market leadership.

Investor Profile

Ontario Teachers' Pension Plan has backed more than 64 startups, with 3 new investments in the last 12 months alone. The firm has led 21 rounds, about 33% of its total and boasts 47 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series C, Private Equity, Series D rounds (top funding stages).
  • Majority of deals are located in United States, Canada, United Kingdom.
  • Strong thematic focus on Software, Information Technology, Internet.
  • Led 1 rounds in the past year.
  • Typical check size: $50M – $500M.

Stage Focus

  • Series C (25%)
  • Private Equity (19%)
  • Series D (13%)
  • Series E (8%)
  • Series B (8%)
  • Series Unknown (6%)
  • Post Ipo Equity (5%)
  • Post Ipo Secondary (3%)
  • Convertible Note (3%)
  • Series J (3%)

Country Focus

  • United States (58%)
  • Canada (14%)
  • United Kingdom (8%)
  • India (5%)
  • Bahamas (3%)
  • Germany (3%)
  • Sweden (3%)
  • Singapore (3%)
  • United Arab Emirates (2%)
  • China (2%)

Industry Focus

  • Software
  • Information Technology
  • Internet
  • Health Care
  • Telecommunications
  • Biotechnology
  • Artificial Intelligence (Ai)
  • Enterprise Software
  • Pharmaceutical
  • Medical
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Ontario Teachers' Pension Plan frequently co-invest with?

Baillie Gifford
Europe, Edinburgh, City of, United Kingdom, Edinburgh
Co-Investments: 6
Sutter Hill Ventures
North America, California, United States, Palo Alto
Co-Investments: 4
Kleiner Perkins
North America, California, United States, Menlo Park
Co-Investments: 6
Index Ventures
North America, California, United States, San Francisco
Co-Investments: 6
T. Rowe Price
North America, Maryland, United States, Baltimore
Co-Investments: 5
Temasek Holdings
Asia, Central Region, Singapore, Singapore
Co-Investments: 6
BlackRock
North America, New York, United States, New York
Co-Investments: 5
Accel
North America, California, United States, Palo Alto
Co-Investments: 7
Fidelity
North America, Massachusetts, United States, Boston
Co-Investments: 7
Benchmark
North America, California, United States, San Francisco
Co-Investments: 4

Which angels does Ontario Teachers' Pension Plan often collaborate with?

Shared Deals: 1
David Tepper
North America, Pennsylvania, United States, Pittsburgh
Shared Deals: 1
CE
Europe, Berlin, Germany, Berlin
Shared Deals: 1
SS
Europe, England, United Kingdom, London
Shared Deals: 1
NR
Europe, Monaco, Monaco
Shared Deals: 1
I. Wistar Morris III
North America, North Carolina, United States, Chapel Hill
Shared Deals: 1
HG
Europe, England, United Kingdom, London
Shared Deals: 1

What are some of recent deals done by Ontario Teachers' Pension Plan?

National Highways Infra Trust is a registered infrastructure investment trust.

Infrastructure
Post Ipo EquityMar 26, 2025
Amount Raised: $242,849,665
Omega Healthcare

Ellicott City, Maryland, United States

Omega Healthcare, a front-runner in the healthcare service space in India.

Health CareIntelligent Systems
Private EquityDec 20, 2024
Databricks

San Francisco, California, United States

Databricks is an AI cloud data platform that interacts with corporate information stored in the public cloud.

AnalyticsArtificial Intelligence (AI)Information TechnologyMachine Learning
Series JDec 17, 2024
Amount Raised: $10,000,000,000
Advanz Pharma

London, England, United Kingdom

Advanz Pharma is a pharmaceutical company focused on serving the needs of patients and healthcare providers.

Health CareHospitalPharmaceutical
Post Ipo EquityFeb 26, 2024
Databricks

San Francisco, California, United States

Databricks is an AI cloud data platform that interacts with corporate information stored in the public cloud.

AnalyticsArtificial Intelligence (AI)Information TechnologyMachine Learning
Series ISep 14, 2023
Amount Raised: $500,000,000
Netskope

Santa Clara, California, United States

Netskope is a security platform to protect data, stop threats, or any application.

Cloud SecurityCyber SecurityEnterprise SoftwareSoftware
Convertible NoteJan 5, 2023
Amount Raised: $401,000,000
Nykaa

Mumbai, Maharashtra, India

Nykaa is an online marketplace for different beauty and wellness products.

BeautyE-CommerceFashionLifestyleWellness
Post Ipo SecondaryNov 22, 2022
Amount Raised: $41,084,134
Arctic Wolf

Eden Prairie, Minnesota, United States

Arctic Wolf helps companies end cyber risk by providing cloud-native security operations technology.

Cyber SecurityInformation TechnologyNetwork SecuritySoftware
Convertible NoteOct 6, 2022
Amount Raised: $401,000,000
Taxfix

Berlin, Berlin, Germany

Taxfix is an app that simplifies complex tax filing systems by offering a chat-like interface that only asks relevant questions to the user.

AccountingAppsSoftware
Series DApr 28, 2022
Amount Raised: $220,000,000
VerSe Innovation

Bangalore, Karnataka, India

VerSe Innovation facilitates content curation and tracks user preferences through recommendation tools.

ContentInternetSocial Media
Series JApr 6, 2022
Amount Raised: $805,000,000