# Ontario Pension Board

Ontario Pension Board is a Pension Fund based in Toronto, Canada.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Toronto, Canada
- **Region:** North America
- **Address:** 200 King Street West Suite 2200, Toronto, Ontario, Canada
- **Founded:** 1990
- **Assets under management:** 25.8B (Altss estimate)
- **Website:** opb.ca
- **LinkedIn:** https://ca.linkedin.com/company/ontario-pension-board

## Regulatory record

- **Reports private funds:** No

## About

Ontario Pension Board (OPB) administers the Public Service Pension Plan. The Government of Ontario sponsors this defined benefit plan for employees of the provincial government and its agencies, boards, and commissions. Established in the early 1920s, OPB manages billions in assets for over 100,000 members as one of Canada’s largest and oldest pension plans.

## Sectors

- Private Equity
- Real Estate
- Infrastructure
- Public Equity

## Questions

### Does Ontario Pension Board invest directly or through funds?

The board participates in both direct co-investments and fund commitments. Real estate assets are often held through joint ventures with Cadillac Fairview and KingSett Capital.

### What asset classes receive the largest allocations?

Public equities represent 22.9 percent of assets. Private equity stands at 14.85 percent with a 12.5 percent target. Real estate forms a significant portion of the remainder.

### Which regions does Ontario Pension Board target for investments?

Core holdings concentrate in Canada. Additional exposure exists in the United States, Sweden and Australia through IMCO-managed vehicles.

### How is Ontario Pension Board governed relative to its plan sponsor?

The Government of Ontario acts as plan sponsor. OPB operates as an independent administrator with its own board and staff.

### Does Ontario Pension Board maintain external service providers beyond IMCO?

Osler Hoskin & Harcourt provides legal counsel. KPMG and the Auditor General of Ontario perform audit functions. Morningstar DBRS supplies credit ratings.

### What recent member events has Ontario Pension Board hosted?

January 2024 webinars addressed PSPP features, beneficiary naming and pre-retirement planning. The board also sponsors financial literacy workshops across Ontario.

## Related profiles

- [Ruffer Investment Company](https://altss.com/profile/ruffer-investment-company)
- [KB Insurance](https://altss.com/profile/kb-insurance)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/ontario-pension-board

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