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Going Direct: The Case of Teachers' Private Capital

Published 24 Jun 2013
Reference 5993
Region Other Regions
Summary

The case traces the evolution of the private equity investment platform of the Ontario Teachers’ Pension Plan (Teachers’). Unlike the typical traditional pension fund, Teachers’ has forged a bold, pioneering approach to investing by making a concerted push towards direct investing. The case discusses the trade-offs involved in developing a direct investing platform.

Teaching objectives

The case discusses the advantages and limitations of the direct investing model, contrasts it with other approaches to investing in private equity, and raises important issues for institutional investors pursuing strong risk-adjusted returns. It requires students to think about the many challenges that arise in building and managing a comprehensive private equity programme.

Keywords
  • Private Equity
  • Pension Fund
  • Limited Partner (LP)
  • Buy-out
  • BCE
  • Direct Investing
  • Ontario Teachers' Pension Plan
  • Co-Investment
  • Q41213
  • IAF
  • GPEI
  • GPEI-Case
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