Teachers Private Capital Makes London Private-Equity Hire

The Ontario Teachers’ Pension Plan, the largest single-profession retirement plan in Canada, hired Iain Kennedy for its private-equity investment team in London.

Kennedy, 44, will be a director in the Teachers’ Private Capital team, the company said in an e-mailed statement today. He previously spent 16 years at U.K.-based private-equity firm Duke Street Capital Ltd., including 11 as a partner.

The Ontario Teachers’ Pension Plan had $129.5 billion in net assets at the end of 2012, according to the statement. The organization invests assets and administers the pensions of 303,000 working and retired teachers in Ontario.

To contact the reporter on this story: Kiel Porter in London at kporter17@bloomberg.net

To contact the editor responsible for this story: Simone Meier at smeier@bloomberg.net

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