Western asset owners are steadily adding real estate investment capabilities in Asia, while local players have refocused attention onto their home region.
Like certain other Canadian funds, Ontario Teachers’ Pension Plan is accelerating its regional buildout. It is focusing on adding talent in equities and real assets in Singapore.
Abu Dhabi Investment Authority and Ontario Teachers’ Pension Plan have struck a $1.25 billion partnership with Asian infrastructure developer Equis that is seen as bold and smart.
The C$205 billion Canadian pension fund is putting expertise in place to focus on various new areas in Asia.
The two Canadian funds are fast ramping up headcount in Asia. Ontario Teachers’ Pension Plan has even set up another branch and hired a regional head of infrastructure from its rival.
Despite headwinds facing the Chinese economy, big asset owners expect mainland private equity to become more attractive, potentially requiring a change in investment approach.