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Teachers' Pension Plan Corporation
The Teachers' Pension Plan Corporation was established in 2017 to handle administration and investment oversight for the Newfoundland and Labrador Teachers'...
Teachers' Pension Plan Corporation
The Teachers' Pension Plan Corporation was established in 2017 to handle administration and investment oversight for the Newfoundland and Labrador Teachers' Pension Plan. Joint trusteeship by the Government of Newfoundland and Labrador and the Newfoundland and Labrador Teachers' Association defines its governance. Paula McDonald holds the roles of CEO and Board Chair. The plan maintains target allocations that include public equities, universe bonds, private equity, real estate, and infrastructure. External mandates are executed through managers such as TD Asset Management, Baillie Gifford, Beutel Goodman, and Caledon Capital Management. Holdings include the Crestpoint Real Estate Mandate, Bentall Kennedy Real Estate Portfolio, and multiple promissory notes from the Government of Newfoundland and Labrador. Geographic exposure centers on Canada with additional commitments to global private markets. Six professionals staff the corporation at its St. John's headquarters. The plan participates in the Institutional Limited Partners Association and the Pension Investment Association of Canada. Service providers include CIBC Mellon for custody and Eckler Ltd. for actuarial and investment advisory work. Governance rests on the 2015 Pension Reform Agreement that created the current joint-trust structure and the promissory note mechanism for addressing legacy liabilities.
General information
Firm type
Pension Fund
Year founded
2017
AUM
$5.3B
Location
Region
North America
Country
Canada
City
St. John's
Corporate office
140 Kelsey Drive, Suite 300, St. John's, Newfoundland and Labrador, Canada A1B 0T2
Principals
Paula McDonald
CEO and Board Chair
Eric Thoms
Vice-Chair of the Board of Directors
Altss tracks 1 additional named team member for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at Teachers' Pension Plan Corporation?
Paula McDonald serves as CEO and Board Chair. Lynn Healey is Chief Investment Officer. An investment committee that includes Eric Thoms and external members provides oversight.
How does Teachers' Pension Plan Corporation source investments?
The corporation uses external investment managers and consultants including Caledon Capital Management and Eckler Ltd. Mandates cover public equities, real estate, private equity, and infrastructure.
What asset classes receive allocations?
Target exposures include public equities at 40 percent, fixed income at 10 percent, private equity at 7 percent, and real estate and infrastructure through dedicated mandates.
Is the plan structured as a single pension vehicle?
Yes. The Teachers' Pension Plan Corporation administers one plan under joint trusteeship of the provincial government and the teachers' association.
Where does the plan maintain exposure?
Core holdings are in Canada. Additional commitments exist in global private equity, infrastructure, and real estate through external funds and mandates.
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