The Healthcare of Ontario Pension Plan has made a major investment in a New York-based tech fund.
HOOPP is one of four new major investors in the recently closedCatalyst Investors III fund. The $213-million tech fund is managed byCatalyst Investors of New York City. The fund invests in high-growth,lower middle-market cloud computing, wirelessinfrastructure anddigital media companies. The individual amount HOOPP invested was notdisclosed.
It’s the largest round of the fund to date since it was launched in2000. The other three new major investors in the fund are PathwayCapital Management, Massachusetts Pension Reserves InvestmentManagement and Liberty Mutual Insurance.
Catalyst’s current and past portfolio companies include Aloha Partners(acquired by AT&T), MessageLabs (acquired by Symantec)andXplornet.
Created in 1960, HOOPP is a pension plan for hospital and communityhealthcare workers in Ontario. It is Canada’s largest private pensiontrust fund and the fourth largest pension plan overall.
Last week OMERS Ventures, the VC arm of the Ontario Municipal EmployeesRetirement System, invested $12 million in Hopper, a travel search firmbased in Montreal with a branch office in Boston.