Ontario Pension Fund Preaches Patience in Private Equity’s Long Winter

Private equity firms have been slow to cash out of holdings and hand money back to their investors. Executives at Investment Management Corp. of Ontario say they’re ready if that trend continues.

“Most of our partners will probably say that the worst is over. We are just patient,” said Rossitsa Stoyanova, chief investment officer of the C$77.4 billion ($57 billion) Canadian pension manager. “We are prepared that we are not going to have exits for a while.”