September 1, 2009
by Dan ShiraiAt C$87 billion, Ontario Teachers Pension Plan (OTPP) is among the largest multi-asset class investors in LatAm. Canadas biggest single-profession plan is a pioneer in its class of institutional pension managers, most of which are only starting to look at the region. OTPP has over the past three years deployed upwards of $3.5 billion in infrastructure, corporate debt, real estate, and private and public equity in the largest economies in Mexico, Chile and Brazil. And it hopes to do more.
The pension managers investments range from pre-IPO investments in oil & gas startup OGX to majority stakes in Chilean water utilities. Unlike a typical fund that
OTPP is blazing a trail for pension funds targeting stable returns in LatAm. Its strategy based on partnerships and strict due diligence has yielded good results, say its principals.