Key Takeaways
- • Lori Hall-Kimm, global private equity chief at Healthcare of Ontario Pension Plan (HOOPP), is departing the Canadian pension fund to pursue an undisclosed opportunity, per Bloomberg reporting confirmed by internal memo.
- • Mark Cormier and Roman Gula, both managing directors within HOOPP's private equity division, will assume interim co-leadership of the strategy and report directly to Chief Investment Officer Michael Wissell.
- • During Hall-Kimm's four-year tenure starting in 2022, HOOPP's private equity net assets grew 21% to CAD 24.2 billion ($17.5 billion USD) from approximately CAD 20 billion, demonstrating portfolio expansion under her stewardship.
- • Hall-Kimm brings substantial institutional asset management experience, having spent six years at Canada Pension Plan Investment Board (CPP Investments) in multiple private equity positions prior to joining HOOPP.
- • The pension fund has not publicly disclosed details of Hall-Kimm's next role, leaving her destination undetermined at the time of announcement.
Summary
Lori Hall-Kimm is exiting her position as global private equity head at HOOPP, one of Canada's largest pension funds, according to an internal memo reported by Bloomberg and confirmed by the organization's spokesperson. Hall-Kimm, who joined HOOPP in 2022, is transitioning to an unspecified new opportunity, with the fund declining to elaborate on her next appointment.
Succession leadership has been structured as an interim arrangement. Mark Cormier and Roman Gula, both managing directors within HOOPP's private equity team, will serve as co-heads of the strategy during the transition period, reporting to Chief Investment Officer Michael Wissell. This dual-leadership model suggests the pension fund is evaluating its private equity leadership structure without immediately naming a permanent replacement.
Hall-Kimm's departure marks a significant turnover at the institutional investor level. During her tenure, HOOPP substantially expanded its private equity portfolio, growing net assets from approximately CAD 20 billion to CAD 24.2 billion ($17.5 billion USD)—a 21% increase over the four-year period. This growth trajectory indicates the fund's private equity strategy gained substantial assets under her direction, likely through a combination of new commitments and portfolio appreciation.
Prior to HOOPP, Hall-Kimm spent six years at CPP Investments, Canada's largest pension fund manager, where she held multiple positions within its private equity business. This background at one of North America's most influential institutional investors positions her departure as a loss of seasoned talent in the competitive Canadian pension fund sector.
The timing and circumstances of Hall-Kimm's exit remain limited in disclosure, with no indication whether she is moving to a competing pension plan, private equity firm, or alternative institutional platform.
Succession leadership has been structured as an interim arrangement. Mark Cormier and Roman Gula, both managing directors within HOOPP's private equity team, will serve as co-heads of the strategy during the transition period, reporting to Chief Investment Officer Michael Wissell. This dual-leadership model suggests the pension fund is evaluating its private equity leadership structure without immediately naming a permanent replacement.
Hall-Kimm's departure marks a significant turnover at the institutional investor level. During her tenure, HOOPP substantially expanded its private equity portfolio, growing net assets from approximately CAD 20 billion to CAD 24.2 billion ($17.5 billion USD)—a 21% increase over the four-year period. This growth trajectory indicates the fund's private equity strategy gained substantial assets under her direction, likely through a combination of new commitments and portfolio appreciation.
Prior to HOOPP, Hall-Kimm spent six years at CPP Investments, Canada's largest pension fund manager, where she held multiple positions within its private equity business. This background at one of North America's most influential institutional investors positions her departure as a loss of seasoned talent in the competitive Canadian pension fund sector.
The timing and circumstances of Hall-Kimm's exit remain limited in disclosure, with no indication whether she is moving to a competing pension plan, private equity firm, or alternative institutional platform.
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