OTPP private capital unit realizes $5b, reinvests $3b in 2012
Teachers’ Private Capital (TPC), the private equity fund and direct investment arm of Ontario Teachers’ Pension Plan (OTPP), saw $5 billion in gross realizations and $3 billion in reinvestments in 2012, with 13 new direct deals and 12 commitments to new or existing partnerships – eight buyouts and four VC and growth – over the course of the year.
TPC ended 2012 with total assets of $12 billion compared to $12.2 billion the previous year, for an IRR of 18.6% versus a benchmark return of 13.3% - or $500 million added above a $1.5 billion benchmark...
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