OPTrust | Jotup

OPTRUST FULLY FUNDED FOR 15TH CONSECUTIVE YEAR

Retrieved on:

Tuesday, March 12, 2024

MDI, Retirement, Risk, Pension, Climate change, Plan, OPTrust, Pension fund

In 2023, OPTrust remained fully funded for the 15th consecutive year and achieved a net investment return of 5.3 per cent.

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In 2023, OPTrust remained fully funded for the 15th consecutive year and achieved a net investment return of 5.3 per cent.
"At OPTrust, we have a clear purpose – to deliver peace of mind in retirement to our members," said Peter Lindley, President and CEO of OPTrust.
"For the 15th consecutive year, OPTrust is fully funded, and the people we serve can continue to rely on a secure, sustainable pension."
In 2023, OPTrust welcomed five additional nonprofit organizations and nearly 1,000 new members to reach a total membership of over 4,200 in OPTrust Select.

ArcTern Ventures Announces USD $335 Million Fund III Focused on Global Decarbonization

Retrieved on:

Monday, January 22, 2024

Having originally targeted a close at $300 million, Fund III is now over-subscribed, reinforcing ArcTern’s position as one of the largest dedicated climate tech venture funds in the world.

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Having originally targeted a close at $300 million, Fund III is now over-subscribed, reinforcing ArcTern’s position as one of the largest dedicated climate tech venture funds in the world.
Primarily focused on the North American and European markets, ArcTern is committed to deploying its funds in ways that maximize the abatement of greenhouse gas (GHG) emissions over the lifespan of the fund.
ArcTern conducts thorough evaluations of all potential environmental impacts before committing to investments.
To ensure accountability, ArcTern’s Fund III is registered as an Article 9 fund under the European Union’s Sustainable Finance Disclosure Regulations and will be measured against a set of climate impact criteria to quantify and verify investments’ offset emissions.

Superior Pipeline Company Announces Name Change

Retrieved on:

Monday, June 26, 2023

Oil, Gas, Energy, SP, Partners Group, Partnership, OPTrust, Unit, Financial adviser, Petroleum, Superior

Effective April 24, 2023, SP Investor Holdings LLC (“SP Investor”), which is jointly owned by OPTrust and Partners Group, a leading global private markets firm, acting on behalf of its clients, completed the purchase of Unit Corporation’s 50% interest in Superior Pipeline Company (“Superior” or the “Company”) resulting in SP Investor owning 100% of Superior.

Key Points:

Effective April 24, 2023, SP Investor Holdings LLC (“SP Investor”), which is jointly owned by OPTrust and Partners Group, a leading global private markets firm, acting on behalf of its clients, completed the purchase of Unit Corporation’s 50% interest in Superior Pipeline Company (“Superior” or the “Company”) resulting in SP Investor owning 100% of Superior.
With the completion of this purchase, SP Investor will change the Company’s name to Superior Midstream, LLC.
“The Superior team is pleased with SP Investor’s committed partnership and name change which will better align Superior to grow the company and increase shareholder value,” said Bill Ward, President and CEO of Superior Midstream.
“The rebranding will better identify Superior within its peer group and define the natural gas gathering and processing infrastructure services we provide to our upstream customers.”

OPTRUST FULLY FUNDED FOR 14TH CONSECUTIVE YEAR

Retrieved on:

Tuesday, March 14, 2023

Retirement, Report, ESG, Investment, Health, Climate change, Clear-Vision, CEM, Benchmarking, Instability, Plan, OPTrust, News, Renewable energy, Pension fund

TORONTO, March 14, 2023 /PRNewswire/ -- OPTrust today released its 2022 Funded Status Report, A Clear Vision, which details the Plan's financial results and fully funded status. In one of the most challenging years for markets in decades, OPTrust achieved a net investment return of -2.2 per cent and remained fully funded for the 14th consecutive year. Over the past 10 years, the Plan's average net investment return is 7.8 per cent.

Key Points:

TORONTO, March 14, 2023 /PRNewswire/ -- OPTrust today released its 2022 Funded Status Report, A Clear Vision, which details the Plan's financial results and fully funded status.
In one of the most challenging years for markets in decades, OPTrust achieved a net investment return of -2.2 per cent and remained fully funded for the 14th consecutive year.
"Our ability to weather a turbulent global economy and maintain our fully funded status reflects our exceptional team and their extraordinary commitment to our more than 100,000 members."
"OPTrust's Member-Driven Investing strategy and diversified portfolio helped to preserve the funded status for a 14th consecutive year, despite the difficult market environment in 2022.

OPTRUST RELEASES ENHANCED CLIMATE CHANGE STRATEGY

Retrieved on:

Tuesday, October 25, 2022

OPTrust, Climate change, Health, Research, Disclosure, Task force, Multimedia, Climate, Renewable energy, Risk management, Pension fund

TORONTO, Oct. 25, 2022 /PRNewswire/ - Today OPTrust released its enhanced climate change strategy.

Key Points:

TORONTO, Oct. 25, 2022 /PRNewswire/ - Today OPTrust released its enhanced climate change strategy.
"Our climate change strategy commits to a net-zero portfolio by 2050 and to building the foundation that enables us to embed climate considerations into the way we invest."
The enhanced strategy is built on four pillars designed to integrate climate considerations across OPTrust's investment portfolio and operations: investment strategy and selection, asset management, portfolio analytics, and advocacy and disclosure.
"Our climate change strategy outlines a clear ambition and approach to align our portfolio with the global path to net zero," said James Davis,Chief Investment Officer at OPTrust.

OPTRUST RELEASES ENHANCED CLIMATE CHANGE STRATEGY

Retrieved on:

Tuesday, October 25, 2022

OPTrust, Climate change, Health, Research, Disclosure, Task force, Climate, Renewable energy, Risk management, Pension fund

TORONTO, Oct. 25, 2022 /PRNewswire/ -- Today OPTrust released its enhanced climate change strategy. The strategy outlines how OPTrust will manage risks and opportunities from a transitioning economy and declares OPTrust's ambition to align its portfolio with the global path towards net-zero emissions by 2050.

Key Points:

TORONTO, Oct. 25, 2022 /PRNewswire/ -- Today OPTrust released its enhanced climate change strategy.
"Our climate change strategy commits to a net-zero portfolio by 2050 and to building the foundation that enables us to embed climate considerations into the way we invest."
The enhanced strategy is built on four pillars designed to integrate climate considerations across OPTrust's investment portfolio and operations: investment strategy and selection, asset management, portfolio analytics, and advocacy and disclosure.
"Our climate change strategy outlines a clear ambition and approach to align our portfolio with the global path to net zero," said James Davis,Chief Investment Officer at OPTrust.

Kinston Railroad Commences Rail Operations

Retrieved on:

Wednesday, August 3, 2022

KNR, Rail transport by country, Multimedia, NCDOT, Washington Eastern Railroad, Safety, Transport, OPTrust, Cimarron Valley Railroad, Norfolk Southern Railway, CEO, Oregon Eastern Railroad, Partnership, Growth, Rail freight transport, Pension fund, Southwestern Railroad

JOPLIN, Mo., Aug. 3, 2022 /PRNewswire/ -- Kinston Railroad (KNR), a wholly owned subsidiary of Jaguar Transport Holdings (Jaguar), began rail operations on Aug. 1.

Key Points:

JOPLIN, Mo., Aug. 3, 2022 /PRNewswire/ -- Kinston Railroad (KNR), a wholly owned subsidiary of Jaguar Transport Holdings (Jaguar), began rail operations on Aug. 1.
The railroad will interchange with Norfolk Southern in Kinston, N.C., and terminates at North Carolina Global TransPark, a 2,500-acre multi-modal industrial and business park.
Kinston is the ninth shortline railroad for Jaguar, who has partnered with OPTrust, one of Canada's largest pension plans.
Other Jaguar railroads include Charlotte Western Railroad, Missouri Eastern Railroad, Cimarron Valley Railroad, Southwestern Railroad, Washington Eastern Railroad, Oregon Eastern Railroad, Texas Eastern Railroad, and West Memphis Base Railroad.

ACRE Secures $300M Investment From StepStone Group

Retrieved on:

Thursday, July 28, 2022

ACRE, a global real estate private equity firm, today announced it has secured a $300 million capital commitment from StepStone Group as part of a new strategic partnership.

Key Points:

ACRE, a global real estate private equity firm, today announced it has secured a $300 million capital commitment from StepStone Group as part of a new strategic partnership.
Securing a commitment from StepStone marks a tremendous achievement for ACRE and our latest fund, as we continue to add many of the investment worlds most significant players to our growing list of partners, said ACRE Managing Partner Michael Van Der Poel.
We are excited to engage in this partnership with a top-tier, vertically integrated apartment manager in ACRE, said Alex Abrams, Managing Director, StepStone Real Estate.
StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients.

Phaidon International Agrees to Partner with Global Investor Consortium Led by Further Global

Retrieved on:

Monday, July 18, 2022

Harry Youtan, Chief Executive Officer commented, "Quilvest have been a fantastic partner for our business over the last four years.

Key Points:

Harry Youtan, Chief Executive Officer commented, "Quilvest have been a fantastic partner for our business over the last four years.
Phaidon International operates a deliberate brand strategy that delivers talent to sectors including Financial Sciences, Supply Chain, Life Sciences, Engineering, Technology and Regulatory & Legal.
Olivier Sarkozy, Founder and Managing Partner of Further Global, added, "We really look forward to partnering with Harry and the Phaidon Team.
Further Global Partner, Max Baumrin added: "Phaidon has differentiated itself by understanding its client's needs and consistently delivering a quality product.

Phaidon International Agrees to Partner with Global Investor Consortium Led by Further Global

Retrieved on:

Monday, July 18, 2022

Harry Youtan, Chief Executive Officer commented, "Quilvest have been a fantastic partner for our business over the last four years.

Key Points:

Harry Youtan, Chief Executive Officer commented, "Quilvest have been a fantastic partner for our business over the last four years.
Phaidon International operates a deliberate brand strategy that delivers talent to sectors including Financial Sciences, Supply Chain, Life Sciences, Engineering, Technology and Regulatory & Legal.
Olivier Sarkozy, Founder and Managing Partner of Further Global, added, "We really look forward to partnering with Harry and the Phaidon Team.
Further Global Partner, Max Baumrin added: "Phaidon has differentiated itself by understanding its client's needs and consistently delivering a quality product.