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Saskatchewan Healthcare Employees' Pension Plan
The Saskatchewan Healthcare Employees' Pension Plan was formed in 1962 to deliver retirement benefits to healthcare workers employed by participating...
Saskatchewan Healthcare Employees' Pension Plan
The Saskatchewan Healthcare Employees' Pension Plan was formed in 1962 to deliver retirement benefits to healthcare workers employed by participating organizations in the province. 3sHealth, CUPE, SUN and other unions appoint trustees alongside employer representatives, creating a governance structure that balances employee and employer interests. SHEPP maintains target allocations that include a 7 percent policy weight to private equity and meaningful commitments to real estate through both direct holdings via Sunrise Properties Ltd. and pooled funds. Insurance-linked securities exposure reached $183 million CAD via mandates with Aeolus Capital Management and Nephila Capital. Farmland and infrastructure programs were expanded in recent years, with infrastructure assets valued at $1.5 billion CAD. Geographic reach covers Canadian real estate, U.S. public equities and global infrastructure and farmland opportunities. The plan reports 7,119 million USD in assets. It maintains memberships in the Pension Investment Association of Canada and the Institutional Limited Partners Association. Alison McKay, CEO, is scheduled to retire in June 2026. Dustin Antonini serves as Chief Investment Officer. Additional offices are not disclosed. The jointly trusteed model requires ongoing negotiation between union-appointed and employer-appointed trustees on investment policy and benefit design, distinguishing SHEPP from single-sponsor public plans or corporate pension funds.
General information
Firm type
Pension Fund
Year founded
1962
Location
Region
North America
Country
Canada
City
Regina
Corporate office
102-4581 Parliament Avenue, Regina, SK, Canada
Principals
Alison McKay
Chief Executive Officer
Dustin Antonini
Chief Investment Officer
Jeff Stepan
Chair of the Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at SHEPP?
Dustin Antonini serves as Chief Investment Officer. External managers including Baillie Gifford and Wellington Management execute portions of the equity and alternative mandates.
How does SHEPP source proprietary deal flow?
The plan accesses alternatives primarily through fund commitments and co-investments with managers such as Basalt Infrastructure Partners, AlpInvest Partners and Global Infrastructure Partners.
Does SHEPP participate in fund commitments or only direct deals?
SHEPP commits to external funds in private equity, infrastructure and real estate while maintaining a 100 percent owned real estate subsidiary, Sunrise Properties Ltd., for direct Canadian property investments.
What investment stages does SHEPP typically target?
The plan holds public equities, growth-stage venture positions through managers, and mature infrastructure and real estate assets. No explicit stage restrictions are published.
Where does the underlying wealth come from?
Contributions come from employees and employers in Saskatchewan's healthcare sector under a jointly trusteed multi-employer structure.
Does SHEPP maintain philanthropic structures, and how are they separated?
No philanthropic vehicles are disclosed in plan filings or public materials.
What is SHEPP's known posture on co-investments alongside external GPs?
The plan holds limited partner positions with multiple infrastructure and private equity managers but does not publish a formal co-investment policy.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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