CANADA - The private investment arm of the C$88bn Ontario Teachers' Pension Plan, Teacher's Private Capital, has committed US$700m to a private equity firm.
York Street Capital Partners offers junior capital solutions to private equity sponsors that invest primarily in middle-market US companies. The investment boost will allow York Street to commit up to $80m per transaction. Teachers’ Private Capital will continue to co-invest in the fund’s larger transactions.
“We are pleased to continue our partnership with York Street Capital. This commitment helps to fill the growing need for junior capital driven by strong buyout markets and private capital,” said Jim Leech, senior vice president, Teachers’ Private Capital.
Teachers’ private Capital invests on behalf of more than 250,00 active and retired teachers and has more than C$9bn in AuM.
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