Healthcare of Ontario Pension Plan

The Healthcare of Ontario Pension Plan (HOOPP) is a prominent Canadian institutional investor that manages a multi-employer defined benefit pension plan for healthcare workers across Ontario. Established in 1960, HOOPP's primary mission is to provide a secure and reliable lifetime pension for its members, ensuring financial stability in retirement. The firm employs a comprehensive Total Portfolio Approach to manage its substantial assets, focusing on balancing liquidity, cash flow, inflation sensitivity, growth, and overall portfolio resilience. This strategy allows HOOPP to make deliberate and timely investment decisions in response to evolving market conditions.

HOOPP's investment strategy is globally diversified across various asset classes, including public equities, fixed income, private equity, real estate, infrastructure, and private credit. The firm also incorporates sustainable investing principles, integrating environmental, social, and governance (ESG) factors into its analysis and decision-making processes to enhance portfolio resilience and identify sustainability and energy-transition opportunities. With offices in Toronto and London, HOOPP manages a multi-asset portfolio across public and private markets, with a significant portion of its investments made outside of Canada, particularly in the United States, Europe, and Asia.

Notable transactions and investments by HOOPP include acquiring a 20% equity stake in Chobani in 2018, a minority stake in Herschel Supply Co. in 2019, and a 45% stake in Greencross in 2022 alongside AustralianSuper. The firm has also led significant real estate developments such as iPort Cambridge, a logistics and industrial complex in Ontario, and The Willoughby, a mixed-use residential building in Brooklyn, New York. HOOPP's commitment to sustainable investing is evident in its goal to allocate $23 billion towards green investments by 2030, while also managing existing investments in sectors like oil and gas.

The firm's leadership comprises an Executive and Senior Leadership Team and a Board of Trustees. The Board is composed of 16 Trustees appointed by five Settlor organizations, including the Ontario Hospital Association and various healthcare unions, ensuring a governance model that represents both management and workers. HOOPP is dedicated to fostering an equitable, diverse, and inclusive workplace, attracting talented individuals who contribute to its mission of delivering retirement security for Ontario's healthcare community.