| Revision as of 03:24, 13 December 2024 editHollowmollow (talk | contribs)120 edits ←Created page with '{{Infobox company | name = Healthcare of Ontario Pension Plan | logo = | type = Private | location = | location_city = Toronto, Ontario | location_country = Canada | foundation = {{Start date and age|1960|1|1}} | key_people = {{ubl | Jo Taylor (CEO)<ref>{{cite web|url=https://www.otpp.com/en-ca/about-us/our-leadership/|title=Our leadership|website=Otpp.com|access-date=31 August 2023}}</ref> |...'Tag: Visual edit | Latest revision as of 07:45, 19 December 2024 edit undoCitation bot (talk | contribs)Bots5,415,116 edits Altered title. | Use this bot. Report bugs. | Suggested by Eastmain | Category:Content moved from mainspace to draftspace from December 2024 | #UCB_Category 201/620 | ||
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| {{Short description|Major Canadian pension with C$112bn AUM.}} | |||
| {{Draft topics|north-america|business-and-economics|technology}} | |||
| {{AfC topic|org}} | |||
| {{AfC submission|||ts=20241213163036|u=Hollowmollow|ns=118}} | |||
| {{AFC submission|d|adv|u=Hollowmollow|ns=118|decliner=Ibjaja055|declinets=20241213095252|ts=20241213040557}} <!-- Do not remove this line! --> | |||
| {{Infobox company | {{Infobox company | ||
| | name = Healthcare of Ontario Pension Plan | | name = Healthcare of Ontario Pension Plan | ||
| Line 7: | Line 13: | ||
| | location_country = Canada | | location_country = Canada | ||
| | foundation = {{Start date and age|1960|1|1}} | | foundation = {{Start date and age|1960|1|1}} | ||
| | key_people = | |||
| | key_people = {{ubl | Jo Taylor (])<ref>{{cite web|url=https://www.otpp.com/en-ca/about-us/our-leadership/|title=Our leadership|website=Otpp.com|access-date=31 August 2023}}</ref> | {{nowrap|Steve McGirr (])<ref>{{cite web|url=https://www.benefitscanada.com/news/ontario-teachers-appoints-new-chair-for-2019-122937|title=benefitscanada.com: Ontario Teachers' appoints new chair for 2019|website=benefitscanada.com|date=10 December 2018|access-date=10 December 2018|archive-date=20 August 2019|archive-url=https://web.archive.org/web/20190820212951/https://www.benefitscanada.com/news/ontario-teachers-appoints-new-chair-for-2019-122937|url-status=dead}}</ref>}}}} | |||
| | num_employees = {{increase}} 1,000 | |||
| | num_employees = {{increase}} 1,300<ref>{{cite web|url=https://www.otpp.com/en-ca/careers/meet-our-team/|title=Meet our team - Ontario Teachers' Pension Plan|website=Otpp.com|access-date=29 November 2022}}</ref> | |||
| | industry = ] | | industry = ] | ||
| | assets = {{increase}} ] |
| assets = {{increase}} ]112.6 billion | ||
| | assets_year = 2023 | | assets_year = 2023 | ||
| | subsid = | | subsid = | ||
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| }} | }} | ||
| The '''Healthcare of Ontario Pension Plan''' is an ] that manages a multi-employer defined pension plan for healthcare workers in Ontario.<ref>{{Cite web |last=Fleguel |first=Jordan |date=2024-11-29 |title=Businesses looking to increase productivity should invest in their employees: HOOPP |url=https://www.bnnbloomberg.ca/business/2024/11/29/businesses-looking-to-increase-productivity-should-invest-in-their-employees-hoopp/ |access-date=2024-12-13 |website=BNN Bloomberg |language=en}}</ref><ref>{{Cite web |title=Home |url=https://hoopp.com/ |access-date=2024-12-13 |website=Default |language=en}}</ref> It manages pension investments on behalf of its 460,000 members and 670 participating employers.<ref>{{Cite web |date=2024-12-10 |title=Ontario physicians will be eligible to join the Healthcare of Ontario Pension Plan in 2025 |url=https://www.morningstar.com/news/globe-newswire/9316413/ontario-physicians-will-be-eligible-to-join-the-healthcare-of-ontario-pension-plan-in-2025 |access-date=2024-12-13 |website=Morningstar, Inc. |language=en}}</ref> HOOPP invests in a variety of asset classes, including ], ], ], ], ], and ].<ref>{{Cite web |date=2022-04-08 |title=Canada's HOOPP sees a lot to like in 2 alts asset classes |url=https://www.pionline.com/pension-funds/canadas-hoopp-sees-lot-2-alts-asset-classes |access-date=2024-12-13 |website=Pensions & Investments |language=en}}</ref><ref>{{Cite web |title=Healthcare of Ontario Pension Plan (HOOPP) - Top1000funds.com |url=https://www.top1000funds.com/asset_owner/healthcare-of-ontario-pension-plan-hoopp/ |access-date=2024-12-13 |language=en-US}}</ref> | |||
| The Healthcare of Ontario Pension Plan is an ] that manages a multi-employer defined pension plan for healthcare workers in Ontario. As of December 2023, HOOPP's net assets reached ]112.6 billion. HOOPP is headquartered in ], Ontario, Canada, but also has an office in ], United Kingdom. | |||
| As of December 2023, HOOPP's net assets reached ]112.6 billion,<ref>{{Cite web |title=HOOPP delivers 9.38% return in 2023 |url=https://hoopp.com/news-and-insights/newsroom/newsroom-details/hoopp-delivers-9.38-return-in-2023 |access-date=2024-12-13 |website=Default |language=en}}</ref> making it one of ] by ].<ref>{{Cite web |title=Sovereign Wealth Fund Institute - SWFI |url=https://www.swfinstitute.org/fund-rankings/public-pension |access-date=2024-12-13 |website=www.swfinstitute.org}}</ref><ref>{{Cite web |last=Campbell |first=Kyle |date=2024-06-30 |title=Deep Dive: Canada's Maple 8 hit an inflection point |url=https://www.perenews.com/canadas-maple-8-hit-an-inflection-point/ |access-date=2024-12-13 |website=PERE |language=en-US}}</ref> HOOPP is headquartered in ], Ontario, Canada, but also operates an office in ], United Kingdom.<ref>{{Cite web |title=HOOPP sets up London office for global reach |url=https://www.benefitsandpensionsmonitor.com/news/industry-news/hoopp-sets-up-london-office-for-global-reach/379845 |access-date=2024-12-13 |website=www.benefitsandpensionsmonitor.com |language=en}}</ref> | |||
| == History == | == History == | ||
| HOOPP was founded in 1960 by the ] with the participation of 71 hospitals as the Hospitals of Ontario Pension Plan.<ref>{{Cite web |title=Ontario Hospital Association Healthcare of Ontario Pension Plan (HOOPP) |url=https://www.oha.com/about-oha/healthcare-of-ontario-pension-plan-(hoopp)#:~:text=The%20Hospitals%20of%20Ontario%20Pension,by%20a%20private%20trust%20agreement. |access-date=2024-12-13 |website=www.oha.com}}</ref> It was originally founded to provide a ] plan to hospitals and its workers. | |||
| In 1993, HOOPP became an independent ], which is its current organizational structure. | |||
| In 2010, HOOPP's name was changed into the present form, the Healthcare of Ontario Pension Plan.<ref>{{Cite web |title=Annual Results |url=https://hoopp.com/investments/pension-plan-performance/annual-results |access-date=2024-12-13 |website=Default |language=en}}</ref> | |||
| Starting in 2025, HOOPP plans to allow self-employed Ontario-based doctors to participate in the fund.<ref>{{Cite news |date=2024-12-10 |title=HOOPP plans to allow self-employed Ontario doctors to join pension plan for the first time |url=https://www.theglobeandmail.com/business/article-hoopp-plans-to-allow-self-employed-ontario-doctors-to-join-pension/ |access-date=2024-12-13 |work=The Globe and Mail |language=en-CA}}</ref><ref>{{Cite web |last=Staff |title=HOOPP opens pension plan to self-employed Ontario doctors for first time |url=https://canadianhealthcarenetwork.ca/hoopp-opens-pension-plan-self-employed-ontario-doctors-first-time-0 |access-date=2024-12-13 |website=Canadian Healthcare Network |language=en}}</ref> | |||
| == Organization == | == Organization == | ||
| HOOPP is a private ] trust fund, governed by a board of trustees composed of sixteen voting members. Eight trustees are selected from the Ontario Hospital Association. The remaining eight are appointed by the ], ], ], and ]. These trustees oversee the administration of the HOOPP plan and the management of the assets.<ref>{{Cite web |title=Board of Trustees |url=https://hoopp.com/about-hoopp/hoopp-board-of-trustees |access-date=2024-12-13 |website=Default |language=en}}</ref> | |||
| == |
== Strategy == | ||
| HOOPP uses a liability driven investing approach that includes a large allocation to bonds.<ref>{{Cite web |date=2020-10-27 |title=Liability driven investing 2.0: How HOOPP is evolving its investment strategy - Top1000funds.com |url=https://www.top1000funds.com/2020/10/liability-driven-investing-2-0-how-hoopp-is-evolving-its-investment-strategy/ |access-date=2024-12-13 |language=en-US}}</ref> However, HOOPP plans to expand private equity and infrastructure allocations in the future.<ref>{{Cite web |date=2022-04-08 |title=Canada's HOOPP sees a lot to like in 2 alts asset classes |url=https://www.pionline.com/pension-funds/canadas-hoopp-sees-lot-2-alts-asset-classes |access-date=2024-12-13 |website=Pensions & Investments |language=en}}</ref> | |||
| HOOPP also diversifies its investments across a wide range of geographies. 45% of its investments are made outside of Canada, with major investments in the ], ], ] regions.<ref>{{Cite web |title=Investment Strategy |url=https://hoopp.com/investments/hoopp-investment-management-and-funding |access-date=2024-12-13 |website=Default |language=en}}</ref> | |||
| == Significant transactions == | |||
| In 2018, ] announced that HOOPP would be acquiring ]'s minority equity stake in the company, giving HOOPP a 20% equity stake. Terms of the transaction are unknown, however, the stake was originally acquired by TPG for $750 million.<ref>{{Cite web |last=Falconer |first=Kirk |date=2022-03-16 |title=HOOPP private equity, under new leadership, earns strong return in 2021 |url=https://www.buyoutsinsider.com/hoopp-private-equity-under-new-leadership-earns-strong-return-in-2021/ |access-date=2024-12-13 |website=Buyouts |language=en-US}}</ref><ref>{{Cite news |date=2018-06-29 |title=Healthcare of Ontario Pension Plan Becomes Invests in Chobani |url=https://www.wsj.com/articles/healthcare-of-ontario-pension-plan-becomes-invests-in-chobani-1530290262 |access-date=2024-12-13 |work=Wall Street Journal |language=en-US |issn=0099-9660}}</ref> | |||
| In 2019, HOOPP acquired a minority stake in ] for an undisclosed amount.<ref>{{Cite news |last=Kreutzer |first=Laura |date=2019-10-31 |title=Herschel Supply Turns to Private Equity as Backpack Brand Branches Out |url=https://www.wsj.com/articles/herschel-supply-turns-to-private-equity-as-backpack-brand-branches-out-11572542103 |access-date=2024-12-13 |work=Wall Street Journal |language=en-US |issn=0099-9660}}</ref> | |||
| In 2022, HOOPP and ] acquired a 45% stake in ] from ], valuing the company at $3.5 billion.<ref>{{Cite web |date=2022-03-22 |title=TPG sells 45 per cent Greencross stake to pension funds in $3.5b deal |url=https://www.afr.com/street-talk/canadian-hoopp-acquires-greencross-stake-20220322-p5a6pj |access-date=2024-12-13 |website=Australian Financial Review |language=en}}</ref> | |||
| == See also == | == See also == | ||
| Line 29: | Line 55: | ||
| * ] | * ] | ||
| * ] | * ] | ||
| * ] | |||
| == References == | == References == | ||
| <references /> | <references /> | ||
| {{Drafts moved from mainspace|date=December 2024}} | |||
Latest revision as of 07:45, 19 December 2024
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|  |
| Company type | Private |
|---|---|
| Industry | Pension fund |
| Founded | January 1, 1960; 65 years ago (1960-01-01) |
| Headquarters | Toronto, Ontario, Canada |
| Total assets |  C$112.6 billion (2023) |
| Number of employees | 1,000 |
| Website | hoopp |
The Healthcare of Ontario Pension Plan is an institutional investor that manages a multi-employer defined pension plan for healthcare workers in Ontario. It manages pension investments on behalf of its 460,000 members and 670 participating employers. HOOPP invests in a variety of asset classes, including fixed income, public equities, credit, private equity, real estate, and infrastructure.
As of December 2023, HOOPP's net assets reached C$112.6 billion, making it one of Canada's largest pensions by assets under management. HOOPP is headquartered in Toronto, Ontario, Canada, but also operates an office in London, United Kingdom.
History
HOOPP was founded in 1960 by the Ontario Hospital Association with the participation of 71 hospitals as the Hospitals of Ontario Pension Plan. It was originally founded to provide a defined benefit pension plan to hospitals and its workers.
In 1993, HOOPP became an independent trust, which is its current organizational structure.
In 2010, HOOPP's name was changed into the present form, the Healthcare of Ontario Pension Plan.
Starting in 2025, HOOPP plans to allow self-employed Ontario-based doctors to participate in the fund.
Organization
HOOPP is a private non-for-profit trust fund, governed by a board of trustees composed of sixteen voting members. Eight trustees are selected from the Ontario Hospital Association. The remaining eight are appointed by the Ontario Nurses' Association, Canadian Union of Public Employees, Ontario Public Service Employees Union, and SEIU Healthcare. These trustees oversee the administration of the HOOPP plan and the management of the assets.
Strategy
HOOPP uses a liability driven investing approach that includes a large allocation to bonds. However, HOOPP plans to expand private equity and infrastructure allocations in the future.
HOOPP also diversifies its investments across a wide range of geographies. 45% of its investments are made outside of Canada, with major investments in the United States, Europe, Asia–Pacific regions.
Significant transactions
In 2018, Chobani announced that HOOPP would be acquiring TPG Capital's minority equity stake in the company, giving HOOPP a 20% equity stake. Terms of the transaction are unknown, however, the stake was originally acquired by TPG for $750 million.
In 2019, HOOPP acquired a minority stake in Herschel Supply Co. for an undisclosed amount.
In 2022, HOOPP and AustralianSuper acquired a 45% stake in Greencross from TPG Capital, valuing the company at $3.5 billion.
See also
References
- Fleguel, Jordan (2024-11-29). "Businesses looking to increase productivity should invest in their employees: HOOPP". BNN Bloomberg. Retrieved 2024-12-13.
- "Home". Default. Retrieved 2024-12-13.
- "Ontario physicians will be eligible to join the Healthcare of Ontario Pension Plan in 2025". Morningstar, Inc. 2024-12-10. Retrieved 2024-12-13.
- "Canada's HOOPP sees a lot to like in 2 alts asset classes". Pensions & Investments. 2022-04-08. Retrieved 2024-12-13.
- "Healthcare of Ontario Pension Plan (HOOPP) - Top1000funds.com". Retrieved 2024-12-13.
- "HOOPP delivers 9.38% return in 2023". Default. Retrieved 2024-12-13.
- "Sovereign Wealth Fund Institute - SWFI". www.swfinstitute.org. Retrieved 2024-12-13.
- Campbell, Kyle (2024-06-30). "Deep Dive: Canada's Maple 8 hit an inflection point". PERE. Retrieved 2024-12-13.
- "HOOPP sets up London office for global reach". www.benefitsandpensionsmonitor.com. Retrieved 2024-12-13.
- "Ontario Hospital Association Healthcare of Ontario Pension Plan (HOOPP)". www.oha.com. Retrieved 2024-12-13.
- "Annual Results". Default. Retrieved 2024-12-13.
- "HOOPP plans to allow self-employed Ontario doctors to join pension plan for the first time". The Globe and Mail. 2024-12-10. Retrieved 2024-12-13.
- Staff. "HOOPP opens pension plan to self-employed Ontario doctors for first time". Canadian Healthcare Network. Retrieved 2024-12-13.
- "Board of Trustees". Default. Retrieved 2024-12-13.
- "Liability driven investing 2.0: How HOOPP is evolving its investment strategy - Top1000funds.com". 2020-10-27. Retrieved 2024-12-13.
- "Canada's HOOPP sees a lot to like in 2 alts asset classes". Pensions & Investments. 2022-04-08. Retrieved 2024-12-13.
- "Investment Strategy". Default. Retrieved 2024-12-13.
- Falconer, Kirk (2022-03-16). "HOOPP private equity, under new leadership, earns strong return in 2021". Buyouts. Retrieved 2024-12-13.
- "Healthcare of Ontario Pension Plan Becomes Invests in Chobani". Wall Street Journal. 2018-06-29. ISSN 0099-9660. Retrieved 2024-12-13.
- Kreutzer, Laura (2019-10-31). "Herschel Supply Turns to Private Equity as Backpack Brand Branches Out". Wall Street Journal. ISSN 0099-9660. Retrieved 2024-12-13.
- "TPG sells 45 per cent Greencross stake to pension funds in $3.5b deal". Australian Financial Review. 2022-03-22. Retrieved 2024-12-13.
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