University Pension Plan Ontario

University Pension Plan Ontario

University Pension Plan Ontario began operations in 2021 after the University of Toronto, Queen's University and University of Guelph transferred their existing pension assets. Barbara Zvan serves as the inaugural President and CEO. The plan was designed to consolidate university-sector pensions under a single jointly sponsored vehicle that targets stable, secure benefits. The plan allocates across private equity, real estate and infrastructure. Current private equity exposure stands at 5.63 percent. Real estate holdings include the Schroders Capital European Logistics and Industrial Partnership, WPT Industrial Venture IV and Greystar Equity Partnership Europe II. Infrastructure positions encompass the Quinbrook Net Zero Power Fund, CI V Co-investment Portfolio A and Brookfield Global Transition Fund. Investments span North America, the United Kingdom and Northwestern Europe. Assets total 9.3 billion USD. The plan maintains relationships with Schroders Capital, Quinbrook Infrastructure Partners and Aon. It participates in industry groups including the Net-Zero Asset Owner Alliance since 2022 and Climate Engagement Canada as a founding member. In October 2024 the plan spoke at the PRI In-Person conference on sustainable finance policy. Governance rests with a board drawn from university sponsors and plan members. This joint sponsorship model requires ongoing negotiation of contribution rates and benefit levels between employers and employees, distinguishing it from single-sponsor public plans.