LLX Logistica S.A.
In 2007, we invested US$185 million to help create LLX Logistica S.A., then a private subsidiary of MMX Mineracao e Metalicos S.A. of Brazil.It was subsequently spun off to become an independent public company in July 2008. LLX is a South American logistics company currently building three major port systems in the Southeast region of Brazil. We became a significant investor in MMX in July 2006 and worked with MMX management through 2007 in developing a plan to create an independent logistics company to address Brazil’s demand for ports and logistics infrastructure, as well as service the iron-ore handling needs of MMX. As a major shareholder, we assisted the company with project financing arrangements, as well as negotiations for port handling agreements with significant customers.

MacDonald, Dettwiler and Associates Ltd.
We participated in a consortium, led by CAI Capital Partners, who purchased 52% of the outstanding shares of MacDonald, Dettwiler and Associates Ltd. (MDA) from Orbital Sciences Corporation. The company delivers a broad spectrum of earth and space-based information solutions. We have worked closely with MDA on a variety of strategic, governance and financial initiatives.

National City Corporation
In summer 2008, together with Corsair Capital (formerly J.P. Morgan's financial sector fund), we led the US$7 billion recapitalization of National City Corporation, which was the ninth-largest bank in the United States with a strong Midwest franchise. We were able to respond quickly to the need for capital during a very volatile period in financial markets, and arranged a highly structured private placement with a substantial return. Over the course of our investment we worked with National City's management to evaluate strategic and financial initiatives. In late 2008, National City was acquired by Pittsburgh-based PNC Financial Services Group, Inc.

Nexen Inc.
Nexen is an independent, Canadian-based global energy company with operations in Alberta, the North Sea, the Gulf of Mexico, the Middle East and offshore West Africa. Along with Canadian Occidental Petroleum, we agreed to purchase 50% of Canadian Occidental from its parent company, Occidental Petroleum in 2000 and became the company’s largest shareholder when the deal closed. The new, independent company was renamed Nexen Inc. shortly thereafter.

OGX Petróleo e Gás S.A.
In 2007, we backed the EBX Group of Rio de Janeiro in the creation of OGX Petróleo e Gás S.A., an oil and gas exploration and production company in Brazil. We led a $1.3 billion private placement transaction that enabled OGX to successfully acquire 21 of its targeted offshore exploration blocks in the ANP’s ninth-round auction. OGX completed the largest IPO in Brazilian history in June 2008. It is now the second largest oil and gas exploration and production company in Brazil in terms of exploration acreage. We continue to work with the EBX Group and OGX management on strategic, governance and financing initiatives that will position OGX to be successful in the Brazilian oil and gas sector.

Sherritt International Corporation
Teachers’ relationship with Sherritt International Corporation (Sherritt) dates back to our joint unsolicited offer to acquire the units and convertible debt of Luscar Coal Income Fund in 2001. We worked together on several investments, which led to a transformation of the Canadian coal industry between 2001 and 2003. Sherritt is a diversified resource company involved in the production of thermal coal, nickel, cobalt, oil and electricity.

WestJet Airlines Ltd.
WestJet Airlines Ltd. is Canada’s leading low-cost airline offering scheduled service throughout its North American network. WestJet pioneered low-cost high-value flying in Canada and has been named one of the country’s most respected corporations for customer service. We were an early financial backer of WestJet and worked with the company on strategic, governance and financing initiatives.