Key Takeaways
- • Lori Hall-Kimm, senior managing director and head of global private equity at the Healthcare of Ontario Pension Plan (HOOPP), departed effective August 21, 2026, after approximately four years in the role.
- • HOOPP's global private equity division grew net assets from approximately C$20 billion to C$24.2 billion during Hall-Kimm's tenure, representing meaningful portfolio expansion under her leadership.
- • Mark Cormier and Roman Gula, both managing directors, have been named co-heads of the global private equity division to lead the transition and manage ongoing portfolio operations.
- • Hall-Kimm's departure marks a leadership transition at the C$132 billion Canadian pension fund, with no specific successor named as sole head of the private equity division.
Summary
Lori Hall-Kimm has exited her position as senior managing director and head of global private equity at the Healthcare of Ontario Pension Plan (HOOPP), effective August 21, 2026. The departure represents a significant leadership change within the investment operations of Canada's largest healthcare pension fund, which manages approximately C$132 billion in assets.
During her approximately four-year tenure beginning in 2022, Hall-Kimm oversaw material growth in HOOPP's private equity portfolio. Net private equity assets increased from roughly C$20 billion to C$24.2 billion under her stewardship, demonstrating both portfolio expansion and operational management during a complex investment cycle. HOOPP acknowledged her contributions in an official statement, noting that "she has been a strong leader and trusted colleague" while thanking her for her "dedication and contributions" to the organization.
In response to the departure, HOOPP has restructured the private equity leadership model by promoting Mark Cormier and Roman Gula to serve as co-heads of the global private equity division. This dual leadership approach will guide the private equity strategy and oversee the C$24.2 billion portfolio going forward. The organization did not disclose specific reasons for Hall-Kimm's departure, only noting that she is "pursuing another opportunity." Her next role has not been publicly announced.
The transition occurs during a period of sustained focus on institutional private equity investing, with Canadian pension funds maintaining significant allocations to alternative assets. The change represents a routine executive transition within a major institutional investor's alternative asset division.
During her approximately four-year tenure beginning in 2022, Hall-Kimm oversaw material growth in HOOPP's private equity portfolio. Net private equity assets increased from roughly C$20 billion to C$24.2 billion under her stewardship, demonstrating both portfolio expansion and operational management during a complex investment cycle. HOOPP acknowledged her contributions in an official statement, noting that "she has been a strong leader and trusted colleague" while thanking her for her "dedication and contributions" to the organization.
In response to the departure, HOOPP has restructured the private equity leadership model by promoting Mark Cormier and Roman Gula to serve as co-heads of the global private equity division. This dual leadership approach will guide the private equity strategy and oversee the C$24.2 billion portfolio going forward. The organization did not disclose specific reasons for Hall-Kimm's departure, only noting that she is "pursuing another opportunity." Her next role has not been publicly announced.
The transition occurs during a period of sustained focus on institutional private equity investing, with Canadian pension funds maintaining significant allocations to alternative assets. The change represents a routine executive transition within a major institutional investor's alternative asset division.
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