Kevin Kerr was named executive managing director-portfolio solutions at Ontario Teachers’ Pension Plan, Toronto.
Portfolio solutions is a new department that will be “accountable for monitoring and enhancing private asset performance, improving best-practice sharing across the fund, and providing more centralized value creation oversight,” said a news release Nov. 13.
“Active management of our private asset portfolios has long been one of Ontario Teachers’ strengths,” said Gillian Brown, chief investment officer-public and private investments, in the news release. “We believe this new structure will enable us to elevate and enhance our value creation capabilities to drive strong performance in the fund.”
Kerr previously led Ontario Teachers’ infrastructure team in the Americas, which includes both the North America and Latin America portfolios. He has been investing in infrastructure at OTPP for more than 13 years. An OTPP spokesperson said Kerr’s successor as head of infrastructure-Americas will be “announced in due course.”
OTPP had C$255.8 billion ($187 billion) in assets as of June 30.
