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.
European buyout firm EQT will own 85% of KMD following the buyout from Local Government Denmark to be completed in early 2009.
As unfunded commitments are looking harder to meet, the Euronext-listed fund of funds is receiving increased calls from its managers of distressed funds.
The fund has earmarked $80m for three venture funds, including two re-ups and one new relationship.
The second-largest pension fund in the UK is increasing its headcount as it seeks to grow its private equity allocation.
As it attempts to unload its LP interests, the insolvent holding company that once owned Washington Mutual Bank has already been hit with a default penalty by a venture capital fund for failing to meet a $700,000 capital call.
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While stressing it continues to honour capital calls, CalPERS has said it is not atypical for it to ask GPs to delay requests for funds. The pension has confirmed it sold more than $2bn in private equity holdings on the secondary market last year, including interests in Carlyle and Landmark funds.
Robert Bertram will step down from the C$108.5bn pension fund at the end of 2008, to be replaced by current senior VP Neil Petroff. Bertram was with the pension for 18 years and led many of Ontario Teachers' early forays into private equity, infrastructure and timber.
The Teacher Retirement System of Texas has hired former Summit Properties president Steve LeBlanc to lead its real asset and private equity portfolios. Lee Partridge, the pension's strategic research managing director has been promoted to deputy chief investment officer.