OTPP approves $250m commitment

The Canadian public pension has backed NIIF's Master Fund.

Institution: Ontario Teachers’ Pension Plan
Headquarters: Toronto, United States
AUM: CAD$191.10bn
Allocation to alternatives: 50.10%
Bitesize: CAD$200-500m

Ontario Teachers’ Pension Plan (OTPP) has agreed to commit $250 million to NIIF Master Fund, a contact at the pension informed Infrastructure Investor. The Master Fund is managed by India’s government-sponsored National Investment and Infrastructure Fund (NIIF). OTPP also has the right to commit a further $750 million to the fund in future co-investments.

The CAD$191.10 billion Canadian public pension has a 12.0 percent target allocation to infrastructure that currently stands at 9.50 percent.

As illustrated in the charts below, this is OTPP’s first commitment to an infrastructure fund since committing to successive funds managed by fellow Canadian firm ARC Financial Corp. in the early-mid 2000s.

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