ONTARIO TEACHERS
British investor Baillie Gifford fund marks down Dailyhunt parent amid revenue pressures
The Schiehallion Fund pegged the fair value of its 1.3% holding in VerSe Innovation at $7.47 million, according to its portfolio disclosures reviewed by ET, implying a total company valuation of roughly $576 million.
AI firm EliseAI valued at $4 billion in latest funding round
The funding round was led by Andreessen Horowitz and Bessemer Venture Partners, with participation from Ontario Teachers' Pension Plan, Sapphire Ventures and Navitas Capital.
Ontario couple bought a C$200 painting at a yard sale in 2001, 6 years later, it was revealed as an E J Hughes' artwork Lake Okanagan worth C$402,500
An Ontario couple bought an E J Hughes painting for just C$200 at a rural yard sale in 2001. Six years later, the artwork was identified as Lake Okanagan by the renowned Canadian artist and sold for C$402,500. Here’s the remarkable story behind the painting, Hughes’ career as a Canadian war artist and the new documentary exploring his quiet life in British Columbia.
NASA sent seeds into space for nearly 6 years; after they returned, 132,000 experiment kits reached 3.3 million students in 30 countries
In April 1984, NASA launched a satellite carrying 12.5 million tomato seeds into orbit to test how space radiation affects biological life. The mission was originally scheduled to last a single year. However, the tragic loss of the Space Shuttle Challenger grounded the fleet and stranded the payload in space. By the time astronauts finally recovered the satellite in 1990, the seeds had orbited the Earth over 32,000 times.
UPI charges from October 15; Activate’s maiden fund
Happy Wednesday! The NPCI has announced charges on select UPI merchant payments. This and more in today's ETtech Morning Dispatch.
Canada’s OTPP invests another $40 million in Darwinbox: Sources
The new round is of around $40 million, bringing TVG’s total investment in the company to roughly around $80 million, sources told ET. In August 2025, the company had closed a $40 million round with OTPP that was a mix of primary and secondary transactions at a blended valuation of around $1 billion.
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NIIF raises $2 billion for second infrastructure fund; sets target of $3.2 billion
India’s National Investment and Infrastructure Fund (NIIF) has raised $2 billion in the first close of its second infrastructure fund, backed by investors including AustralianSuper, CPP Investments, Temasek and a wholly owned subsidiary of the Abu Dhabi Investment Authority.
LetterOne taps Rahul Mukim to spearhead $2 billion India push
Luxembourg-based LetterOne appointed Rahul Mukim to lead its India investments. The firm plans a significant $2 billion investment program in India. Mukim previously led private equity for Ontario Teachers' Pension Plan in India. LetterOne will focus on healthcare and energy sectors for its investments. This move establishes an on-ground presence for the European firm in India.
CCI clears Manipal Hospitals' proposal to acquire Sahyadri Hospitals
The Competition Commission of India (CCI) has approved Manipal Hospitals' acquisition of Sahyadri Hospitals from Ontario Teachers' Pension Plan Board for an estimated Rs 6,400 crore. This acquisition will expand Manipal's network to 49 hospitals with approximately 12,000 beds, solidifying its position as one of India's largest hospital chains and significantly increasing its presence in western India.
Manipal Hospitals seeks CCI nod to acquire Sahyadri Hospitals for about Rs 6,400 cr
Manipal Hospitals is planning to acquire Sahyadri Hospitals. The deal is estimated at around Rs 6,400 crore. Manipal has sought approval from the Competition Commission of India. This acquisition will significantly expand Manipal's presence in western India. It will also increase Manipal's total bed count to approximately 12,000. Sahyadri Hospitals currently operates 11 hospitals in Maharashtra.
Ontario Teachers’ announces major India healthcare deal, to sell Sahyadri Hospitals to Manipal Hospitals
Ontario Teachers' Pension Plan Board is set to sell its majority stake in Sahyadri Hospitals Group to Manipal Hospitals, pending regulatory approvals. Since acquiring Sahyadri in 2022, Ontario Teachers' has overseen its growth into a leading Maharashtra healthcare provider with 11 hospitals and over 1,400 beds.
Manipal, IHH, EQT & others eye Sahyadri Hospitals in Rs 5,000 crore bidding war
Manipal Hospitals, IHH Healthcare, and Blackstone-owned Quality Care India are among the frontrunners vying for Sahyadri Hospitals, Maharashtra's largest hospital chain, with bids ranging from ₹4,500-5,000 crore. Ontario Teachers’ Pension Plan Board is divesting the chain amid a wave of PE-led consolidation in India's rapidly growing healthcare sector, which is witnessing significant investment and expansion.
KKR, Ontario Teachers' to invest Rs 5,500 crore in road InvIT
KKR and Ontario Teachers' Pension Plan are investing Rs 5,500 crore in the Highways Infrastructure Trust, which owns and operates highways in India. The capital will fund recent acquisitions, including 12 road assets from PNC Infratech. KKR entered the Indian road sector in 2021 and set up HIT in 2022.
Ontario Teachers’ buys into Omega Healthcare
Ontario Teachers' Pension Plan and Goldman Sachs Alternatives are co-leading a major investment in Omega Healthcare, a US-based healthcare management solutions provider. This deal values Omega at $1.8 billion, with Ontario Teachers' acquiring a majority stake from Everstone Capital. Omega, with 35,000 employees globally, specializes in revenue cycle management and aims to improve healthcare efficiency through technology.
CCI approves Canadian pension fund's additional stake buy in Highway Infrastructure Trust
The Competition Commission of India has approved Ontario Teachers Pension Plan Board's acquisition of additional units in Highway Infrastructure Trust and Citrine Inclusion's stake in Utkarsh CoreInvest Ltd. These approvals are necessary for deals exceeding certain thresholds to ensure fair competition and prevent unfair business practices.
Ontario Teachers’ buys into NBFC Kogta
Ontario Teachers' Pension Plan Board acquired a significant minority stake in Jaipur-based NBFC Kogta Financial for Rs 1,230 crore ($148 million). The funds will drive growth, expand regional presence, and allow partial exits for existing investors Morgan Stanley and Creador. Kogta, specializing in vehicle finance and MSME loans, operates in 10 states with 225 branches and 5,000 employees.
Mahindra's energy InvIT SEIT raises Rs 1,365 cr
Mahindra Group and Ontario Teachers' Pension Plan Board have listed their Infrastructure Investment Trust (InvIT) in the renewable energy sector. The InvIT - Sustainable Energy Infra Trust (SEIT) raised a primary capital of Rs. 1365 crore ($165 million) as part of the initial offer of units. The offer was subscribed by global and Indian investors, including Asian Infrastructure Investment Bank (AIIB).
Ontario Teachers' fund weighs $100 million investment in ecommerce logistics startup Xpressbees
The Canadian pension investor may buy a stake in the firm at about a $1.4 billion valuation.
Investor studied crypto for years, then missed FTX’s red flags
“None of us has run a company before and we’d like $100 million by next Tuesday,” Bankman-Fried told David Rubenstein in August about the request. “It was not a very compelling pitch for investors.”
Canada's pension fund giant Ontario Teachers opens India office
A founding team of approximately 10 team members will be based in Ontario Teachers’ Mumbai office by the end of 2022, comprising a mix of local talent and transfers from its other offices. This presence is expected to scale further as Ontario Teachers’ investment portfolio grows in the coming years.
M&M stock rallies 3% on unlocking value in renewable energy arm
The two parties have signed binding agreements pursuant to which Ontario Teachers will acquire a 30 per cent equity stake in Mahindra Susten Mahindra Susten at an equity value of Rs 2,371 crore.It said the deal will enable the Mahindra Group to unlock value in the renewable energy sector and it will continue to invest along with Ontario Teachers' to help realise its twin objectives of accelerated growth and global leadership in ESG.
Ontario Teachers’ to buy 30% stake in Mahindra Susten
The proposed transaction also envisages the setting up of an Infrastructure Investment Trust (InvIT). The InvIT is initially proposed to comprise renewable power assets seeded by Mahindra Susten with operational capacity of around 1.54 GW.
Mahindra Group, Ontario Teachers' announce strategic partnership
Mahindra Holding Ltd (MHL), a subsidiary of Mahindra & Mahindra Ltd, will sell additional 9.99 per cent of the paid-up equity share capital of MSPL to any other investor(s) or 2OL or any of its affiliates (Ontario Teachers') by 31th May, 2023, showed a regulatory filing.
Canadian fund Ontario Teachers' Pension Plan Board to acquire Sahyadri Hospitals
the deal has valued the hospital chain at Rs2500 crore, said people aware of the development. Existing investor Everstone Group, along with key management and founders will retain minority stakes in the company. This will be OTPP's first private equity buyout in India.
Ontario Teachers’ to invest $175 mn in KKR India road platform
KKR's India road platform comprises a portfolio of 12 road assets. This includes a diversified mix of toll and annuity roads, with a total length of more than 910 kilometers across 11 states. The platform possesses significant potential to scale, with plans in place to acquire more assets in the future.
Toyota-backed startup Pony.ai raises $267 million in new funding round
The latest funding, which comes just eight months after the company's $462 million fundraising, makes Pony.ai one of the most valuable independent autonomous driving startups
Ontario Teachers to invest $350 mn in Edelweiss Alternative
Despite the global economic uncertainty amidst the current pandemic, this commitment from Ontario Teachers is a strong endorsement of the Indian alternative asset management space, said a company statement.
AustralianSuper, Ontario Teachers’ to invest $2 bn in NIIF
The agreements include commitments of $250 million each in the Master Fund and co-investment rights of up to $750 million each in future opportunities alongside the Fund.
Canadian retirement fund 'Ontario Teachers Pension Plan' in talks to invest in Srei's fund
The Ontario Teachers Pension Plan, one of the world's largest pension funds, is in advanced talks to invest in Srei Infrastructure Finance Ltd.
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