The Ontario Teachers’ Pension Plan (OTPP) is looking to funnel more capital into its real assets portfolio — which includes infrastructure — as part of a plan to grow its operations in Europe and Asia, according to Reuters.
OTPP said it plans to increase its investment activities in Europe and Asia extensively over the next two years and is eyeing Mumbai and Singapore for potential office locations.
China, India, Australia, Vietnam, Indonesia and the Philippines are also being considered for further investments.
“Asia represents a growth opportunity over the next 10-15 years ... you can’t just set up on a dime and take down on a dime when you’re investing in private assets like private equity and infrastructure,” said Ron Mock, OTPP’s chief executive.
At the end of December, OTPP said it had a 25 percent allocation — C$49.6 billion ($37.4 billion) — to real estate, infrastructure and other “real-rate assets.”
Mock noted the fund will open its asset mix to allow it to range from 32 percent to 36 percent of the total fund, increasing by around C$11 billion ($8.3 billion).
