SYDNEY, Australia, March 4, 2026 – The Healthcare of Ontario Pension Plan (HOOPP) is among the signatories of the Canadian-Australian Pension Funds Investment Initiative launched today by some of the largest pension funds and aligned investment managers in Australia and Canada. The initiative was signed by leaders of Australian and Canadian pension funds in the presence of Prime Minister Mark Carney, Minister of Finance and National Revenue François-Philippe Champagne and Daniel Mulino, Assistant Treasurer of Australia.
The Memorandum of Understanding (MOU) supports Australian profit-to-member super funds, Canadian pension funds and their investment organizations in facilitating dialogue with governments to address policy barriers and advance solutions that improve the investment environment in both jurisdictions. The initiative aims to unlock greater pools of long-term capital for private investment on behalf of millions of working and retired people in Canada and Australia.
HOOPP is one of nine Canadian pension funds that has signed the initiative. Signatories commit to knowledge sharing and raising awareness of investment models that leverage the expertise of long-term, reliable pension capital to deliver risk-adjusted returns for members and sustainable value for investee companies.
"Canada and Australia are natural partners for long-term investment," said Annesley Wallace, HOOPP’s President and CEO. "By strengthening collaboration between our funds, we can help create the conditions that attract patient capital, support economic growth and deliver sustainable returns for our members."
Chantale Pelletier, HOOPP’s Senior Managing Director and Head of Global Infrastructure, represented HOOPP at the signing ceremony in Sydney.
"The same foundations that make Australia attractive to long-term investors, including stability, transparency and strong institutions, are core strengths of Canada’s investment environment, reinforcing its position as a reliable destination for global capital," said Pelletier. "Australia is an important market for HOOPP, reflecting its stable regulatory environment and attractive long-term opportunities in infrastructure and the energy transition."