Ontario Teachers’ Pension Plan earns 6.7% return, marks down private equity and real estate assets

Ontario Teachers’ Pension Plan delivered a 6.7% return in 2025 but materially missed its internal performance benchmark after marking down struggling private equity and real estate assets. The markdowns highlight ongoing weakness in private-market and real-estate valuations, weighing on reported returns and signaling valuation pressure for similar institutional portfolios.

Analysis

Ontario Teachers’ Pension Plan delivered a 6.7% return in 2025 but materially missed its internal performance benchmark after marking down struggling private equity and real estate assets. The markdowns highlight ongoing weakness in private-market and real-estate valuations, weighing on reported returns and signaling valuation pressure for similar institutional portfolios.