Investment Summary

Ontario Teachers Pension Plan, Temasek Holdings and ICONIQ Capital Invest In FTX

On October 21, 2021, pension Ontario Teachers Pension Plan, sovereign wealth fund Temasek Holdings and growth capital firm ICONIQ Capital invested in internet software and services company FTX

Investment Highlights
  • This is Ontario Teachers Pension Plan’s 6th, Temasek Holdings’ 1st and ICONIQ Capital’s 30th transaction in the Internet Software and Services sector.
  • This is Ontario Teachers Pension Plan’s 1st, Temasek Holdings’ 1st and ICONIQ Capital’s 1st transaction in Antigua and Barbuda.

Investment Summary

Date 2021-10-21
Target FTX
Sector Internet Software and Services
Investor(s) Ontario Teachers Pension Plan
Temasek Holdings
ICONIQ Capital
Deal Type Venture

Target

FTX

Saint John's, Antigua and Barbuda
FTX is a cryptocurrency exchange built by traders, for traders. It offers innovative products, including industry-leading derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens, and an OTC desk. FTX is based in Saint John's, Antigua.

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Investor(S) 3

Investor

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 161 of 175
Sector (Internet Software and Services) 6 of 6
Type (Venture) 13 of 14
Country (Antigua and Barbuda) 1 of 1
Year (2021) 15 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-13 Vantage Elevator Solutions

Bronx, New York, United States

Vantage Elevator Solutions is an independent manufacturer of elevator components and systems for new equipment applications, equipment upgrade projects, and service replacement parts. Vantage is comprised of eight business units including GAL Manufacturing Company and GAL Canada; Hollister-Whitney Elevator Corporation; Elevator Controls Corporation; Courion; Bore-Max; Thames Valley Controls; and Vertical Dimensions. Through its brands, Vantage supplies almost all electro-mechanical devices used in contemporary elevators. Vantage Elevator Solutions sells its products to a diverse range of customers including hundreds of independent elevator contractors, in addition to several well-known multi-national elevator companies. Vantage Elevator Solutions was founded in 1927 and is based in Bronx, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 National Highways Infra Trust

New Delhi, India

National Highways Infra Trust owns, operates and maintains a portfolio of five toll roads in the Indian states of Gujarat, Rajasthan, Telangana and Karnataka spanning a total length of 390 km and a concession period of 30 years. National Highways Infra Trust is based in New Delhi, India.

Buy -
Investor

Temasek Holdings

Investor Investor Investor Investor Investor


Category Sovereign Wealth Fund
Founded 1974
PE ASSETS 496.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Temasek Holdings is a state-owned investment holding company. Temasek is owned by the government of Singapore and invests directly and indirectly in a broad range of assets and sectors. Target sectors include financial services, telecommunications, media, technology, transportation, industrials, life science, consumer, real estate, energy, and resources. Temasek was formed in 1974 and is based in Singapore.


DEAL STATS #
Overall 30 of 33
Sector (Internet Software and Services) 1 of 1
Type (Venture) 9 of 9
Country (Antigua and Barbuda) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-13 ClassPass

New York, New York, United States

ClassPass connects members to a variety of fitness experiences, including yoga, cycling, pilates, barre, running, strength training, dance, sports, videos, and more with over 10,000 partners in 50 cities worldwide. ClassPass was formed in 2013 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-25 Element Materials Technology

London, United Kingdom

Element Materials Technology is a provider of testing, inspection, and certification services for a diverse range of products, materials, and technologies in advanced industrial supply chains where failure in use is not an option. The company's scientists, engineers, and technologists, working in our global network of over 200 laboratories, support customers from early R&D, through complex regulatory approvals, and into production ensuring their products are safe and sustainable, and achieve market access. Element Materials Technology was formed in 2011 and is based in London.

Buy -
Investor

ICONIQ Capital


Category Growth Capital Firm
Founded 2011
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION


DEAL STATS #
Overall 77 of 91
Sector (Internet Software and Services) 30 of 33
Type (Venture) 58 of 72
Country (Antigua and Barbuda) 1 of 1
Year (2021) 25 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 Enfusion

Chicago, Illinois, United States

Enfusion is a provider of fully hosted front, middle and back-office solutions for hedge funds and traditional asset managers, including execution, order management, portfolio management, risk, GL accounting, reconciliations, reporting, and data warehouse. Enfusion was founded in 1997 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 Groww

Bengaluru, India

Groww is a mutual fund and stock investing platform, with a mission to democratize access to financial markets across India. Groww was founded in 2016 and is based in Bengaluru, India.

Buy -