---
title: "Ontario Teachers Pension Plan Lost $7.4 Billion In Its PE Fund In 2025"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278771118.md"
description: "The Ontario Teachers' Pension Plan (OTPP) lost $7.4 billion in its private equity fund in 2025, marking its first loss in 16 years. The $200 billion asset manager's performance fell short of the benchmark return by 5%, attributed to challenges in private equity, infrastructure, and real estate sectors. Despite this, OTPP achieved a 6.7% overall return, driven by strong performances in gold, venture growth, and public equities. Moving forward, OTPP plans to focus investments on financial services, technology, and services, with $50.8 billion in private equity assets as of December 31, 2025."
datetime: "2026-03-11T19:37:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278771118.md)
  - [en](https://longbridge.com/en/news/278771118.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278771118.md)
---

# Ontario Teachers Pension Plan Lost $7.4 Billion In Its PE Fund In 2025

The **Ontario Teachers Pension Plan (OTPP)** is reevaluating its exposure to private equity after it experienced its first downturn in 16 years.

The $200 billion asset manager's holdings dropped by about $7.4 billion last year, Bloomberg reported.

The Plan underperformed relative to the benchmark return of 11.7% by 5.0%, or $12.0 billion in negative value add. 

This underperformance was driven by several factors including "continued robust performance in our public market-linked benchmarks, as well as constrained performance of certain assets particularly the private equity, infrastructure and real estate asset classes," OTPP said in a press release.

"Our private equity and real estate teams had a more challenging year given broad sector headwinds. We responded with disciplined year-end valuation adjustments to reflect current market conditions, which weighed on performance," **Jo Taylor,** president and CEO, said.

Despite the decline in its private equity portfolio, the fund still generated a 6.7% return last year. This was primarily driven by strong performance in gold, venture growth, and public equities asset classes, OTPP noted. Bloomberg also added that the pension plan's exposure to **Elon Musk's SpaceX** drove gains.

Going forward, the pension plan will only invest in three sectors: financial services, technology, and services.

As of Dec. 31, 2025, the pension plan had $50.8 billion in private equity assets under management.

_Photo: Shutterstock_

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