OMERS Private Equity related stories
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Year-End Spotlight: Canadians demand controlIn-house investment professionals don't start earning money until they perform up to 'at least' comparable public markets, said Leo de Bever, CEO of AIMCo.
- TowerBrook launches $700m lender
Canadian pension plan OMERS is among co-investors in the European venture, which will be led by Tim Flynn, Goldman Sachs’ former European head of leveraged finance.
- OMERS in move to reduce external managers
The Canadian pension’s goal is to shift its private equity portfolio to 80% direct investments from the current 35%. The pension has been a direct investor in infrastructure and real estate for many years through its Borealis Infrastructure and Oxford Properties direct investment teams.
- OMERS moves to reduce external GPs
The pension’s goal is for 80% of its private equity programme to be in direct investments, according to CEO Paul Renaud. Currently 35% comprises direct deals.
- 3i vet to lead OMERS' European deals team
Mark Redman will oversee European activities for OMERS Private Equity, the mid-market direct investment arm of the Canadian pension.
- Riverside scores 5x exit with sale to OMERS
OMERS has bought US rail maintenance company Nordco for an undisclosed amount from Riverside, representing a 31% gross IRR for the mid-market firm.
- OMERS opens in London
The C$52bn Canadian pension plan with an in-house private equity arm has followed in the footsteps of the Ontario’s Teachers’ Pension Plan and the Canada Pension Plan Investment Board by crossing the pond to source deals.
- OMERS invests C$50m in Canadian wireless
The Canadian pension’s private equity group has agreed to back BMV Holdings, which was launched by a private equity consortium following a wireless spectrum auction last summer.
- OMERS eyes large global assets
Corporate finance lawyer Jacques Demers will lead OMERS Strategic Investments, a new investment division tasked with making very large investments for the pension in 'global asset companies' including airports, real estate and energy projects.
- OMERS establishes first foreign office in London
The C$52bn Canadian pension plan with an in-house private equity arm has followed in the footsteps of Ontario Teachers’ and the CPPIB by crossing the pond to source deals.