On February 3, 2026, University Pension Plan Ontario (“UPP”) announced the formation of a strategic partnership with Schroders Capital ("Schroders") to invest in logistics and industrial real estate across Northwestern Europe. This partnership includes a commitment by UPP to Real Estate Gateway Fund, a fund managed by Schroders that focuses on industrial assets in the Netherlands.

UPP is a jointly sponsored defined benefit pension open to all Ontario university sector employers and employees, which manages $12.8 billion in pension assets and serves over 44,000 members across six universities and 18 sector organizations.

McCarthy Tétrault LLP advised UPP with a team led by Jeffrey Knowles that included Dan Schechner (Corporate), Stefanie Morand (Tax), and Scott Bell (Pensions).