As of January 1, 2026, the plan was fully funded with a $31.2 billion preliminary funding surplus, underscoring its long-term financial health and sustainability. The plan’s co-sponsors, the Ontario Teachers’ Federation (OTF) and the Government of Ontario, have elected to file the preliminary valuation with appropriate regulatory authorities.

Corporate News

Cathy Cranston was appointed Board Chair of Ontario Teachers’ Pension Plan, effective January 1, 2027. Ms. Cranston, who has served on the board since 2019, was appointed by the Government of Ontario and the Ontario Teachers’ Federation, the Plan’s co-sponsors. She will succeed current Board Chair Steve McGirr, who will retire at the end of the year after serving his full term.
Adam Howard was appointed to Ontario Teachers’ Pension Plan’s board for a term that runs until December 31, 2028. Mr. Howard was appointed by the Government of Ontario.
Ontario Teachers’ published its 2026-2030 Climate Strategy, which introduced a 2030 target of $70 billion in Climate Transition Aligned (“CTA”) assets, encompassing private market investments in companies that are decarbonizing their operations and those enabling the global energy transition.
Investment Highlights

Space Exploration Technologies Corp. (SpaceX), a spaceflight, telecommunications, and artificial intelligence company, listed its shares on the NASDAQ stock exchange, a significant milestone for the first investment made by Teachers’ Venture Growth. SpaceX was a significant contributor to Ontario Teachers’ total-fund net return in the first half of the year.
Welcomed Integrum as a new shareholder in Allworth Financial, a U.S.-based registered investment adviser, as part of an expanded strategic investor group.
Invested alongside joint venture partner DW Effectum Residential in the German residential market through the acquisition of four fully let multi-family residential assets in southern Germany.
Established a new real estate joint venture with Equus Capital Partners, targeting core and core-plus assets in key markets across the U.S. The JV completed the acquisition of Ashton Logistics Park, a two-building Class A industrial portfolio located in Virginia.
Participated in the financing supporting Kraken’s spin-out from Octopus Energy Group, a UK energy technology platform providing software and AI solutions to utilities.
Co-led the Series F primary financing round for Ramp, a financial operations platform helping businesses streamline finance functions.
Acquired a portfolio of royalties on critical minerals in Western Australia. The portfolio provides exposure to lithium, tin, and tantalum.
Co-led a secondary share transaction in Vinted, a leading European second-hand marketplace.
Subsequent to the period-end, completed the sale of all equity interests in Aethon III LLC, Aethon United LP, and related entities and interests. Aethon’s natural gas assets are primarily located in the Haynesville Shale formation.
Subsequent to the period-end, reached an agreement to sell a 40% stake in Caruna, Finland’s largest electricity distribution company.

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