Ontario Municipal Employees Retirement System related stories
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OMERS moves to reduce external GPsThe 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.
- OMERS names chief investment officer
The pension's former real estate head, Michael Latimer, takes the CIO reins as OMERS prepares to manage third-party money as well as a multi-billion co-investment fund for institutional LPs.
- Time to get pushy
Two limited partner associations are beefing up their activities in response to the downturn. Kevin Ley reports
- 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 completes C$2bn Teranet acquisition
After three prior attempts to initiate takeover discussions with the Toronto Stock Exchange-listed income fund, Borealis Infrastructure, the infrastructure investment arm of OMERS, has finally completed a long-coveted acquisition.
- 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.
- Asia Alternatives closes second FoF on $950m
The San Francisco- and Hong Kong-based firm has closed its second fund $100m higher than its initial target, but slightly shy of the $1bn close anticipated. The fund will focus on fund investments in China, Japan, Korea and India.
- OMERS lowers bid for Teranet by 6.8% per unit
Citing deteriorating economic and financial market conditions and increasing cost of capital, Canadian pension’s infrastructure investment unit has lowered its bid for the Toronto Stock Exchange-listed income fund by about C$116m.