OMERS PE expands London team

The C$55bn pension’s direct investing arm has hired director Isabelle Pagnotta from Arcapita. OMERS PE has completed three investments in Europe since opening its London office in 2009.

OMERS Private Equity has hired two investment professionals in its London office, bringing its European team to nine individuals.

The private equity investing arm of the Ontario Municipal Employees Retirement System has hired Isabelle Pagnotta, former principal at mid-market firm Arcapita, as a director; and Bryony Marshall, former corporate finance professional at advisory firm Hawkpoint, as an associate. Pagnotta spent six years at Arcapita in London focusing on the pan-European mid-market in a variety of sectors. The Bahrain-headquartered firm filed for chapter 11 bankruptcy protection in the US in March this year. She previously worked at private equity firm Bridgepoint for four years in London and Paris.

Marshall spent four years at Hawkpoint advising UK and European private equity firms and corporations on mid-market transactions. Prior to working at Hawkpoint she was a member of the special situations team at global asset manager Och-Ziff.

OMERS Private Equity lost its fund and co-investment strategy head Martin Day in March. Day joined Toronto-based Caledon Capital earlier this month to build customised accounts for small and mid-sized limited partners.

Isabelle
Pagnotta



OMERS Private Equity has more than C$6.5 billion in assets under management and has completed three investments in Europe totaling $640 million since establishing its London office in 2009. The group led the £207 million (€257 million; $336 million) investment in supported living company Lifeways in June and the $520 million transaction for shipping services business V. Group last year. OMERS Private Equity’s first deal came in 2009 when it supported the $700 million startup of mid-market credit provider Haymarket Financial.

OMERS Private Equity’s European team is led by senior managing director Mark Redman. The overall group is run by chief executive officer Paul Renaud and senior managing directors Michael Graham in New York and Don Morrison in Canada.

The Ontario Municipal Employees Retirement System manages roughly C$55 billion of Canadian pension assets and is run by chief executive Michael Nobrega.

An OMERS spokesperson was unavailable for comment at press time.