OMERS Private Equity exec moves to venture

Jim Orlando, formerly a managing director at OMERS Private Equity, is transitioning to the retirement system’s venture capital division.

Jim Orlando has been named a managing director at OMERS Ventures, the venture capital arm of the Ontario Municipal Employees’ Retirement System, according to a statement.

Orlando comes from OMERS Private Equity, where he was involved with direct investments in the software, mobile telephony and retail sectors since 2007. 

Orlando, OMERS Ventures

“Jim has a very strong track record of sourcing and executing on deals in the venture capital and private equity sectors,” chief executive officer of OMERS Ventures John Ruffolo said in the statement. “He will also be of huge value to our team, both in finding great companies in which to invest, and also working with strong founders, CEOs and management teams to develop and grow their businesses.” 

Prior to joining OMERS, Orlando worked at Canada’s largest communications company Bell Canada Capital and former Groupon owner Battery Ventures.  

In August, OMERS Ventures made an additional investment in portfolio company HootSuite, investing $165 million in the social media management business alongside Insight Venture Partners and Accel Partners. The investment marked the largest-ever Canadian venture capital investment in a software company, according to a statement.

OMERS Ventures, which launched in October 2011, focused primarily on late stage investments in 2012, as opposed to early growth stage companies. The group invests between C$500,000 to C$30 million per transaction in sectors including technology, media, telecommunications, clean tech and life sciences. It will invest only in North America.  

OMERS Ventures was unavailable for comment at press time.