That puts performance at the upper end of the portfolio's historical net IRR range of 14 percent to 18 percent. total of 118,000 jobs, 1/4 of these jobs are held by people under OMERS plays an important part Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. our own bar high. The funded ratio is the ratio of net investment assets to The strong 2021 performance of public equity was attributed to "a strong year in public markets," OMERS said in the release, while noting that the surge in its private equity investments reflected "higher valuations across our portfolio, including ventures and growth equity, and the sale of one of our European service businesses during the year. Leaders across OMERS have used their teams feedback to created efficiencies in the pension estimates process ExecOnline is an online executive leadership development platform for enterprises. We continue to assess both the impact and the risk of climate addition of a new leader for its ESG program. Deals in the range of more than 100 millions dollars are the general things for fund. built on our capabilities and evolved our approach while OMERS Private Equity prefers to make control buyouts but also considers joint control with partners. We partner to create long-term competitive advantage for companies with a commitment to innovation in industries such as healthcare and technology. change on our portfolio, as well as the opportunities presented In 2020, shared risk indexing (SRI) was introduced as an This included programs aimed at enhancing the promise of future stable retirement income to over 353,000 This focus and commitment This tool enables members The funding round was led by funds and accounts advised by T. Rowe Price Associates, Inc. and also included OMERS Growth Equity. As a result of the high investment return for 2021, our funded We'd love to share. Our Achieved certification as one of Canadas Great Places to our strategy and moves the real discount rate closer to our investing in higher-yielding, short-dated credit investments, Singapore and Australia. sufficient reserves. deeply respect the value that comes from listening, learning Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. standard target and will be one of two towers in Canada to be Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. NovaSource will provide an industry-first DC Availability []. and meaningful pensions. regulated assets increased in value, supported by strong all asset classes, focusing on three key themes: THE STACK is an Oxford Properties office tower in development Each of these activities is aimed at improving our members The Contact Information Website There is a growing number of retired members the right investment opportunities and the right talent, while Over the three-, five- and 10-year periods ended Dec. 31, the plan delivered annualized net returns of 8.0%, 7.5% and 8.0%, respectively, according to OMERS' annual report, vs. benchmark returns of 7%, 7.1% and 7.4%, respectively. 3. would allow risk to be more equitably spread across all than one active member for every retiree. The firm looks to build a diversified private equity portfolio by geographic market, economic sector, stage of development, and industry. In short, we exceeded our benchmarks across all segments of knowledge and expertise we have built over the past 60 years as We also earned meaningful profits from OMERS Private Equity-backed Trescal makes triple play, OMERS Private Equity taps Rattee as ESG head, OMERS Private Equity invests $100m in growth of NovaSource, Private Equity Firms with Investments in United Kingdom, Private Equity Firms with Investments in Toronto, Ontario, Finance Companies With Fewer Than 100 Employees (Top 10K), Impact Investing Companies With More Than 10 Employees. Our permanent capital pool allows us to remain partners for as long as needed, with flexibility to hold investments beyond the standard three-to-five-year private equity hold period. Global Head of OMERS Private Equity New York Reena Carter Executive Vice President, Investment Finance & Valuations Toronto Eric Haley Senior Managing Director, Head of North America New York Michael Lank Senior Managing Director, Operations and Strategy Toronto Jonathan Mussellwhite Senior Managing Director, Head of Europe London Chantal Thibault We provide dozens of additional datapoints about this fund. seriously. Toronto and New York, August 9, 2022 OMERS Private Equity, the private equity arm of OMERS, the pension plan for municipal employees in Ontario, today announced that it has acquired a minority stake in NovaSource Power Services (NovaSource or the Company). achieving net zero greenhouse gas emissions for our global and decades we have been serving our members, consistently paying and carry out our economic and thematic research. Typical Co-investors. and our at many times kept us physically apart. we do and approach each day with the drive to outperform. That suggests returns for its venture and growth portfolios were much lower, dragging down the group's overall results. OMERS bounces back. Members, employers, sponsors and stakeholders are an important classes, with skilled investment and management teams in Indigenous Peoples Alliance (new) including in the Asia-Pacific region, where demographic trends continued to pursue our strategy, with a focus on a long-term benchmark return, we ensure that we are making steady progress We shall not bear anyliability in respect of such comments. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. our active development program. with you regularly to share information and partner on areas As at December 31, 2021, our 3-, 5- and 10-year In 2021, we issued a mid-year investment update for the first We invest globally with flexible strategies and diverse programs. Choose your news we will deliver. been carefully selected to generate returns to pay pensions. time, responding to interest from our members, employers, We know that inclusion, their community, Source: Social Value Benefits Report, 2021. This is a significant responsibility, and one that we take very 2021, we earned a 15.7% net investment return, well above the A lawsuit brought against OMERS Private Equity by a top executive exposes the thorny issues an institution may face when compensating employees for direct investing.. assumed that recovering from the economic impact of the 1. high-quality, diverse investments across the globe that have We are Our funded ratio is unchanged from a year ago, and reflects the recruitment pipelines and career development opportunities fair value of our assets equals the measured value of our progress on our People Strategy in 2021 that includes: An expanded leadership team that brings diversity of sponsors and stakeholders. value to communities across the province. carbon intensity reduction for the portfolio by 2025. As we continue our journey, we have made some significant in this survey, which measured their pride, motivation and 10.7% return in 2021; our investments in clean power and The study leveraged and compared survey responses of more than 4,000 Browse the most recent edition of Member Monthly, our member newsletter that provides a variety of pension-related information and news that affects our members. It is the largest independent Solar O&M provider in the United States and globally. changing member workforce trends to determine any impact to the NovaSource operates a global footprint with a presence in North America, South America, EMEA, Asia, and Australia. NORTHVOLT is a Sweden-based supplier of sustainable, through automation, resulting in more members having quicker Each month, we compile the Plan administration tips, updates and resources our employers need to deliver a wonderful experience for our members. have made, and will continue to make, meaningful commitments OMERS Private Equity is the private equity arm of the OMERS Administration Corporation, a Canadian pension fund. real estate, infrastructure, private credit and private equity. research conducted for OMERS by the Canadian Centre for Economic We pay pensions over decades, meaning we put great emphasis on our available environmentally sustainable and responsible for the generations Pride@OMERS Weil, Gotshal & Manges LLP acted as legal counsel to OMERS Private Equity. OMERS Private Equity, an arm of Ontario-focused pension fund OMERS, has acquired a minority stake in the Arizona-headquartered solar operations & maintenance (O&M) provider NovaSource . resiliency. and the diversity it nurtures, drives innovation, global (SC) and Administration Corporation (AC). Necessary cookies are absolutely essential for the website to function properly. long-term returns. You will find further In thesame time you shall not use vulgar, abusive or defamatory language as well as expresshatred or call to violence or cruelty. another, and committed to our members, despite another year that OMERS Private Equity 's direct buyout investments last year earned a 17.4 percent net IRR, sources said. portfolios carbon intensity by 20% by 2025. We integrate material Environmental, Social, and Governance (ESG) factors as part of our investment decision making and asset-management responsibilities. access to pensions to more people across society.. We sell some or all of our We care about the companies we invest in. benefit pension plan, felt they had saved well to meet their retirement needs, rated their physical health as very good or excellent, more likely to report lower stress levels, less likely to attribute stress to financial concerns, more likely for OMERS retired members to volunteer time in Ontario-based nuclear power plant Bruce Power has committed to we are keenly focused on ensuring the Plan remains sustainable sponsors, unions, associations, and the many others who are privacy statement influence our companies through our board seats and voting This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website. The transaction builds on OMERS Private Equitys rich history of collaborating with and supporting industry-leading, innovative companies and their management teams. peoples health and safety and giving back to the environment benchmark we set at the start of the year. As of Dec. 31., OMERS' asset allocation comprised 29% in public equity (vs. 31% as of year-end 2020); 20% in infrastructure (same as in the prior year); 16% in private equity (up from 14% last year); 16% in real estate (up from 14% last year); 14% in credit (down from 17% last year); and 6% in bonds (same as the prior year), the release noted. risks facing the Plan, and build reserves to best position for warehousing and logistics spaces resulting from online long-term pension obligations. us. The Plans net assets grew year over year, but we remain focused the results that safeguard futures. mental health, less stress, and higher community involvement and beyond, ready to take on the challenges and opportunities that Our world-class team carefully invests your income in high-quality assets, diversified around the world, to meet the pension promise of a secure retirement. Through informed decision-making and leading governance expedited supply chains. The SC has sole responsibility for We continue to seek out, secure public, found that providing a secure and stable pension delivers About OMERS Private Equity. solutions to customers throughout India, while safeguarding We assume that, in the future, our members will enjoy increased We are fiercely competitive in everything We are flexible and nimble. interest income, despite the low interest rate environment. please click here. significant. Were getting ready for this retirement cohort by e-access, that will enable us to stay better connected and we senior levels, contributed to our achievement of an 87% our time, so we look for ways to prudently shift our portfolio In total, real estate earned LinkedIn sets this cookie to store performed actions on the website. affordable and meaningful pensions to our members is our purpose in 2021. Our Plan provides stable A second study, which examined survey responses of OMERS members OMERS investing strategy and high-quality, diversified portfolio This means that the value of members future pension benefits and is based on a LinkedIn sets this cookie for LinkedIn Ads ID syncing. Angel, Fund of Funds, Venture Capital), General contact email for the organization, Total number of sub-organizations that belongs to a parent Organization, OMERS Private Equity has been making private equity investments for OMERS, one of Canada's largest plans with in excess of $50 billion of, Find More Contacts for OMERS Private Equity, Edit Lists Featuring This Company Section. "We are passionate learners that invest in exceptional companies who create a better future. Win whats next. Analysis. to connect with us. personable and professional teams. The Total Portfolio Management team takes a view of the entire do not participate in a pension plan. and engaging. McCarthy was with OMERS for 12 years before departing in 2019. EY Tower 900 - 100 Adelaide St W The OMERS Plan is the "OMERS 10-year average net return now stands at 8.0%," said Jonathan Simmons, chief financial and strategy officer of OMERS, in the release. strategy, leveraging employee feedback, leadership training and globally and in companies based in North America focusing on Canada and United States and Europe, with a particular emphasis on the United Kingdom. net investment income. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. 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