Canada’s Ontario Teachers’ Pension Plan Board is buying stakes in Australian carbon market platform GreenCollar from US private equity firm KKR & Co and other shareholders.
The pension fund announced the deal in a statement on September 20 without disclosing the price or any other financial details.
Ontario Teachers’ says it first acquired a stake in GreenCollar in March 2022, and that the latest investment “deepens its relationship” with the Australian firm.
According to the pension fund, GreenCollar Chief Executive Officer and co-founder James Schultz will continue to lead the firm and remains a “significant” shareholder.
Toronto-based Ontario Teachers’ had C$249.8 billion (US$184.59 billion) of assets under management as of end-June.