HOOPP Capital Partners
HOOPP has been involved with private equity and related alternative investments since 1989. In 1999, a renewed portfolio strategy was implemented to anticipate changing market conditions and to help scale portfolio resources more efficiently.
This portfolio invests directly in operating companies and select limited partnerships. This is a typical way for an institution of HOOPP’s size and expertise to gain diversified investment exposure to global private equity opportunities.
Direct and proprietary investments account for about two-thirds of the current portfolio.
HOOPP currently has more than $2 billion invested in or committed to private equity and related alternative investments. The focus is on investments in Canada, the United States, and the U.K./Eurozone.
Performance
| 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|
| HOOPP return One year annualized return – net of fees and before foreign exchange* |
34% | 27% | (6%) | 4% | 16% | 22% | 25% | 16% | 23% |
* Foreign exchange impacts are hedged outside of this portfolio via policy overlay.
Private equity and special situations is a long-term asset class that doesn't lend itself to the annual benchmarking methodology typically applied to public market portfolios. HOOPP instead applies an absolute return threshold of 6.75 per cent as the basis for determining whether the asset class is contributing to the organization's long-term investment objectives.
HOOPP's long term returns in this asset class are among the best in the institutional sector.
More details are provided in HOOPP's Annual Report.
