Candian Pension Fund Exit Opps

Curious to see what are the typical pension fund exit opps.

CPP, OMERS, bcIMC, AimCo, etc. what do they all do after 2-3 years? Is it standard to get the boot and do something else or pretty encouraging in terms of getting you to stay in there? Not sure whether it`s as regimented as compared to US PE funds going to Bschool, etc.

 
Best Response

Historically, people have tended to stay. CDN pension funds have grown significantly over the last 10 years so they have provided plenty of upward mobility for their junior employees. Also, in Canada, there's limited non-pension PE opportunities anyway. Pension funds also being LPs, GPs are very reluctant to hire pension fund people as they are incredibly worried of damaging relationship with the world largest PE investors. Also, many of those funds still mostly rely on co-investing / doing club deals alongside a GP they have invested in and that kind of experience isn't perceived as being as strong or valuable as being at a GP.

 
mtnmmnn:
Historically, people have tended to stay. CDN pension funds have grown significantly over the last 10 years so they have provided plenty of upward mobility for their junior employees. Also, in Canada, there's limited non-pension PE opportunities anyway. Pension funds also being LPs, GPs are very reluctant to hire pension fund people as they are incredibly worried of damaging relationship with the world largest PE investors. Also, many of those funds still mostly rely on co-investing / doing club deals alongside a GP they have invested in and that kind of experience isn't perceived as being as strong or valuable as being at a GP.

I feel like OTPP and CPPIB do/look at a lot of deals as sole/lead investor, at least in infra and energy. Maybe that's not the case in other sectors though.

 

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