Ontario Teachers’ Posts First Private Equity Loss Since 2009
SpaceX flags fly as people wait on South Padre Island to watch a SpaceX rocket launch from Starbase, Texas.
Photographer: Sergio Flores/AFP/Getty ImagesOntario Teachers’ Pension Plan is overhauling its approach to investing in private equity after the $200 billion asset manager booked its first loss on that portfolio in 16 years.
After the value of its private equity holdings dropped by about C$10 billion ($7.4 billion) in 2025, the Canadian firm said it will shift its focus in that business to just three sectors: financial services, technology and services. The overall fund still generated a 6.7% return last year, thanks to the rising value of stocks, gold and its investment in Elon Musk’s SpaceX.