The Ontario Teachers' Pension Plan is part of an international investment group that's agreed to pay $1.8-billion (U.S.) to buy an 18.65 per cent stake in BTG Pactual, a Brazilian investment bank and money manager.
The amounted being invested by Teachers was not announced.
The group's partners include Government of Singapore Investment Corp., China Investment Corp., Abu Dhabi Investment Council, JC Flowers and Co., RIT Capital Partners and Lord Rothschild's family interests, the Santo Domingo Group, EXOR, the investment company controlled by the Agnelli family, and the Motta family.
"The capital increase, from this highly respected group of investors, will allow us to consolidate our position as a leading emerging market-based investment bank and asset manager," BTG Pactual chief executive officer Andre Esteves said in a statement Monday.
The cash will be invested in BTG Pactual's core investment banking, asset management and wealth management businesses in Brazil and internationally.
BTG Pactual has roughly 1,100 employees, and offices around the world.
Teachers is one of Canada's largest pension fund managers with roughly $100-billion in assets including its Cadillac Fairview real estate subsidiary as well as public and private equity investments around the globe.
"This is just a reflection of how international our holdings are now and the fact that we do look all over the world for opportunities," Teachers spokeswoman Deborah Allan said of the investment announced Monday.
Last month, Teachers told its entire 25 per cent stake in Canadian food processor and bakery Maple Leaf Foods Inc. for just under $362.4-million.
The Canadian Press