OMERS Gets Direct with Private Equity
You can stop pitching your buyout or venture capital fund to OMERS, because the giant Canadian pension fund is officially not interested. Instead, the C$43 billion system's 40% allocation to "private markets" will be used for direct investments in private equity, venture capital, infrastructure and real estate transactions. This strategy shift has been a popular whisper for months, given that OMERS hasn't actually made a new fund commitment since 2007. But it was not explicitly stated until this past Tuesday and Wednesday at the Quebec City Conference, by both OMERS CEO Michael Nobrega and OMERS Strategic Investments CEO Jacques Demers.
21 October 2009•2 mins read
