Established in 1960, the Healthcare of Ontario Pension Plan (HOOPP) is a multi-employer defined benefit pension plan for Ontario’s hospital and community-based healthcare sector. We serve more than 400,000 members who provide valued healthcare services at more than 610 employers across the province. At HOOPP, we exist to provide a stable and reliable pension for our members that starts in retirement and is paid for life. As one of Canada’s largest and most respected pension plans, HOOPP’s net assets reached $104 billion at the end of 2020 and our funded status remained strong and stable at 119%.HOOPP’s core values – professional, accountable, collaborative, compassionate and trustworthy – guide our every interaction with our members, employers and employees. We’ve become one of Canada’s leading pension plans by consistently challenging ourselves and embracing innovation.The team has a global investment perspective with the highest proportion of investments in developed economies. At December 31, 2015, the private equity portfolio was approximately $7.8 billion of invested and committed capital. The invested capital amount of $4.3 billion represents approximately 6.8% of the total Fund leaving scope for significant growth. Of this amount approximately $1 billion is invested in direct and co-investments. Whether investing in companies directly or in top-tier private equity funds with differentiated capabilities, HOOPP Capital Partners believes that private equity is an attractive asset class. Private equity provides superior access to corporate information and due diligence prior to investing, the ability to invest in structured instruments that are tailored to improve the risk/return profile, the opportunity to add value through %E2%80%9Cactive ownership%E2%80%9D, and being better aligned with management teams. The flexibility of HOOPP Capital Partner%E2%80%99s mandate offers qualified companies seeking capital with a wide range of investment possibilities that meet their needs. When investing, our team considers the risk profile of different private equity investments and targets a portfolio weighting with a range of risk and return characteristics in order to deliver a reasonable long-term return for this asset class. From our unique investment management approach to our innovative technology and thought-provoking research, we constantly seek to push the boundaries, and we do this by hiring passionate, forward-thinking people.Our high-performance culture is founded on collaboration, respect and belonging. HOOPP is an equal opportunity employer and we’re proud of our diversity. We select applicants for employment solely on the basis of their qualifications. Should you require accommodation because of a disability during the recruitment and selection process, please contact our Human Resources team. We will be happy to consult with you so that arrangements can be made for reasonable accommodation.

1960
Pension

Total Funds

$7,800,000,000
Artificial Intelligence, Machine Learning, Natural Language Processing
B2B
Software

People

Michael Wissell
Chief Investment Officer

Investment Portfolio

Active
2015
314

Investment Round History

November 30, 2021
Series D
$100 M
August 31, 2019
Series C
$176 M

Co-Investors

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