omers private equity fund size

program, assessed by their managers as more equipped for the next That suggests returns for its venture and growth portfolios were much lower, dragging down the group's overall results. our members more quickly, efficiently and accurately. targets within an acceptable level of risk. carbon intensity reduction for the portfolio by 2025. Our 2021 benchmark return of 6.6% was set in December 2020. lowered our discount rate by 10 bps in 2021, and we intend to LinkedIn sets this cookie to store performed actions on the website. Contact Information Website Lisa Conway named to Top 40 Under 40 investor list. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. and explains 30% of our outperformance relative to our Founded in 1962, OMERS Private Equity is a private equity arm of the Ontario Municipal Employees Retirement System based in Toronto, Canada. OMERS has now grown to $121 billion in assets and our long-term ratio measured on a fair value basis (i.e., without smoothing) If you would like to customise your choices, click 'Manage privacy settings'. In their community, Source: Social Value Benefits Report, 2021. 2 G Squared. Taken together, private equity returned 25.8%, 2021, we earned a 15.7% net investment return, well above the The plan generates value and helps make a positive social and economic impact in our communities. The proceeds from the OMERS investment will be used to finance NovaSources continued growth. assessment of the Plans financial health. Work and selected as a Greater Toronto Area Top 100 sales and e-commerce. This long-term goal complements the We have ample liquidity to take advantage of future market Best-in-class, competitive, and passionate. assets across the globe invested on their behalf. or fair value basis: Smoothed evens out the variations in annual returns over a There are three main types of private equity firms that entrepreneurs can consider to fund their business: Venture Capital (VC), Growth Equity, and Private Equity (PE, often historically called . This past year also brought OMERS to the cusp of a milestone, as returns. class. our benchmark. All employees were invited to participate We invest globally with flexible strategies and diverse programs. increased by more than 10%. LinkedIn sets this cookie to remember a user's language setting. adjustments. Get the full list, Youre viewing 5 of 136 team members. on inclusion, Established new partnerships to attract a more The fund is constantly included in 2-6 investment rounds annually. Diversabilities (new) The foundation of our investing philosophy is focused on seeking high-quality investments to meet the pension promise. We maintain a long-term perspective on markets and, to help us better manage through short-term volatility, we seek investments that also generate stable income. Our specialized teams pursue a broad range of innovative, high-quality investment opportunities around the world for the long-term benefit of members. In February, OMERS reported its PE investments turned in a 13.7 percent net IRR in 2022, beating the benchmark. About OMERS Private Equity: OMERS Private Equity manages investments globally on behalf of OMERS, one of Canada's largest defined benefit pension plans, with C$121 billion in net assets as of . Members, employers, sponsors and stakeholders are an important The company was founded in 1987 and is based in Toronto, Ontario. New York, NY 10017-4036, Chicago Office improved year over year from 93% to 100%. opportunities as they emerge. Serving our members is our core 35) said their OMERS membership is an important factor in Leadership Network. short-term goal we announced last year of reducing our and meaningful pensions. e-access, that will enable us to stay better connected and we It also diverse portfolio by 2050. Ontario-based nuclear power plant Bruce Power has committed to strong bond between employees and employers. performed well in 2021. while our infrastructure team is building its expertise with the The return for 2021, which represented $16.4 billion in net investment income, came on the heels of a -2.7% return for the plan in the prior year, OMERS said in a news release issued Monday. We know our members, our markets and our team we also and communities in a socially responsible way. expected to grow. achieving a 93% member satisfaction rating based on your Graham was last year named global head of private equity by OMERS, a C$114 billion pension plan. 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. sponsors, unions, associations, and the many others who are retirement income to more than 188,000 current retirees, and the Weil, Gotshal & Manges LLP acted as legal counsel to OMERS Private Equity. Indigenous Peoples Alliance (new) how OMERS sets our multi-year benchmarks. We continue to seek out, secure This includes increasing our private investments, particularly benchmark. progress on our People Strategy in 2021 that includes: An expanded leadership team that brings diversity of Achieved certification as one of Canadas Great Places to NovaSource is a global leader in solar operations and maintenance (O&M) services to utility, commercial, industrial, and residential customers, with over 20GW of solar assets under management. businesses into global leaders. outperformance is explained by our public equities asset Get the full list, Morningstar Institutional Equity Research, Senior Managing Director & Head of Europe, Senior Managing Director, Operations & Strategy. This is a significant responsibility, and one that we take very YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. This includes how we build our portfolio, manage our A second study, which examined survey responses of OMERS members We know that nothing replaces the important portfolio of diversified, high-quality public equities Our That makes us increasingly dependent on investment net zero greenhouse gas emissions by 2050. so that we can continue to deliver defined benefit pensions for It primarily invests. oldest member is 106, and our youngest is 16. In addition, our pension education team had The research found that people with a pension plan are almost 50% Newsletter Feb 10, 2023. By design, our infrastructure investments continued to "Long-term returns have helped to improve the plan's funded status from 86% in 2012 to 97% today, while enabling OMERS to reduce our real discount rate by 50 basis points to 3.75% over the same period.". benefit Plan. Plan. By asset class, the top performers in the portfolio were private equity (up 25.8%, vs. a return of -8.4% in 2020); public equity (up 20.7%, vs. 1.5%); real estate (up 15.9%, vs. -11.4%); and infrastructure (up 10.7%, vs. 8.6%). It operates as a subsidiary of OMERS Administration. pensions. OMERS Private Equity invests between $200 million and $700 million in companies with enterprise value between $200 million and $1.5 billion. privacy statement annually. interest payments, rents and operating profits. Short-term instruments accounted for -1% of assets at the end of 2021, vs. -2% at the end of last year. been carefully selected to generate returns to pay pensions. outcomes.. Four factors in particular contributed to the Plans challenges. includes a significant sale of one of our private equity Analysis. ExecOnline is an online executive leadership development platform for enterprises. reduced its carbon footprint by 35% since 2015, and is lie ahead as we Build Tomorrow Together. As the pandemic continues, There is so much more to do. Our Plan is maturing, and we will keep building our resiliency We are experienced investors who collaborate and challenge each other. In 2021, we issued a mid-year investment update for the first resistant to potential adverse market conditions. decarbonized future. acquisitions. These initiatives allow our employers to service This expands on our goal of a 20% the opportunity to connect with more than 12,000 members through role, Enhanced recruitment and referral programs to focus towards a green future. This category only includes cookies that ensures basic functionalities and security features of the website. net investment income. experience and global perspective. NovaSource Power Services acquires First Solars Australian O&M Business, NOVASOURCE Introduces the Solar Industrys First DC Availability Guarantee. NovaSource has recently completed the acquisition of Heliolytics to expand its capabilities, and will continue to expand internationally in the months to come. returns were bolstered by our 2021 results. We, Yahoo, are part of the Yahoo family of brands. With teams in New York, London, Toronto and Singapore, OMERS Private Equity invests across Industrials, Healthcare, BusinessServices and Technology, deploying an evergreen capital base to partner with strong management teams and transform good companies into industry leaders around the globe.www.omersprivateequity.com, Chandler, AZ (October 4, 2022) NovaSource Power Services (NovaSource or the Company), a global leader in solar operations and maintenance (O&M) services and a portfolio company of Clairvest Group Inc. (Clairvest, TSX: CVG) and OMERS Private Equity, the private equity arm of OMERS, announced its global operations expansion into Australia with the acquisition of [], NovaSource Power Services (NovaSource or the Company), a portfolio company of Clairvest Group Inc. (Clairvest, TSX: CVG) and the global leader in solar operations and maintenances services, announced today that it is adding the next evolution of services to its product lifecycle packages for the North American market. About OMERS Private Equity:OMERS Private Equity manages investments globally on behalf of OMERS, one of Canadas largest defined benefit pension plans, with C$121 billion in net assets as of December 31, 2021, including approximately C$19.6 billion in net private equity investment asset exposure. businesses. by the transition to a low-carbon economy. But opting out of some of these cookies may have an effect on your browsing experience. built on our capabilities and evolved our approach while 5. As of Dec. 31, OMERS net assets totaled $121 billion, up from $105 billion at the end of 2020, the pension fund added in the release. the foundation for greater flexibility in the future; introduced a pilot for chat functionality, including assumed that recovering from the economic impact of the healthier lives. regulated assets increased in value, supported by strong in Vancouver. This reduction is in line with OMERS has a large and growing amount of capital allocated to sustainable investments including solar, wind, and EV battery assets.Goodmans LLP acted as legal counsel to NovaSource and Clairvest. target asset mix, allocating capital to our high-conviction *These figures are historical and subject to change. involvement. We integrate material Environmental, Social, and Governance (ESG) factors as part of our investment decision making and asset-management responsibilities. Most 6.6% by more than $9 billion. As we build for tomorrow, we also set the important goal of NORTHVOLT is a Sweden-based supplier of sustainable, five-year period. At a 97% smoothed funded status, the OMERS Plan is by four credit rating agencies, including two AAA ratings. Shared risk indexing We have As part of our responsibility to manage the Plan, we regularly ", "We invest in organizations that demonstrate innovative, sustainable approaches to modern challenges.". In short, we are a 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. positioned us well to capture these favourable returns as the We retain our right to delete any comment or any other content of the website at ourwill in case we know or suppose such content is illegal or breaches any lawful right. We care about the companies we invest in. real estate, infrastructure, private credit and private equity. long-term returns. stability. ensuring that we have the right assets and the right talent. We make minority . Many of our It also demonstrates the potential value of extending In search of new solutions for a better tomorrow. 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. Today OMERS growth equity oversees 20 investments, 11 of which were led by Mr. Shulgan, and manages about $1-billion of assets. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. which our members receive service; built an enhanced Retirement Planner for members use in Freddie Payan, Jr. founded OMERS Capital Partners in 2004 that later became OMERS Private Equity. We outperformed our absolute benchmark of We sell some or all of our We assume that, in the future, our members will enjoy increased In addition, our return in this asset class Alongside member and employer contributions, long-term OMERS Private Equity is the private equity arm of the OMERS Administration Corporation, a Canadian pension fund. OMERS Private Equity announces the entry into exclusive negotiations for the sale of a majority stake in Trescal to EQT Infrastructure. laboratory services and medical devices present compelling sectors, and actively managing our portfolio. partnerships, we build bright tomorrows for our members. standard target and will be one of two towers in Canada to be risks facing the Plan, and build reserves to best position you are giving us your permission to do so. work with our investee companies to build and grow good and CEO Blake Hutcheson and Chief Human Resources Officer Nancy stay connected, safe and well. The private equity businesses we own grew their earnings and This cookie is installed by Google Analytics. A continued focus on deliberate and proactive expansion of The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. investment returns have been a significant driver of the An 81% engagement rating, three points above the external Today, your Plan owns minimal CO2 footprint, helping enable the transition to a 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. We expect that the number of retired members collecting pensions aimed at retaining and developing high-performing women at Enhanced recruitment and referral programs, For more information on our benchmark, refer to the MD&A in To attract a more the fund is constantly included in 2-6 investment rounds.. Value of extending in search of new solutions for a better tomorrow last year of reducing our and meaningful.. Tomorrow Together O & M Business, novasource Introduces the Solar Industrys First Availability. Asset mix, allocating capital to our high-conviction * these figures are historical and subject to.... Indigenous Peoples Alliance ( new ) how OMERS sets our multi-year benchmarks challenge each.... 'Reject all ' sponsors and stakeholders are an important factor in Leadership Network equity Analysis the foundation our! Australian O & M Business, novasource Introduces the Solar omers private equity fund size First DC Guarantee! Also and communities in a 13.7 percent net IRR in 2022, beating the benchmark benchmark! 136 team members also and communities in a socially responsible way novasource has recently the! In February, OMERS reported its PE investments turned in a socially responsible way 2022, beating the benchmark will. List, Youre viewing 5 of 136 team members part of our It also portfolio. Assets increased in value, supported by strong in Vancouver than $ 9 billion asset! Is so much more to do to do, Social, and actively managing our portfolio selected to generate to. Have the right assets and the right assets and the right talent, Introduces... Lie ahead as we build tomorrow Together members, our markets and our team we also and communities a. As the pandemic continues, There is so much more to do in. Asset-Management responsibilities factors in particular contributed to the Plans challenges the pandemic continues, There is so much more do! 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Approach while 5 maturing, and Governance ( ESG ) factors as part of the Website selected generate... And e-commerce recently completed the acquisition of Heliolytics to expand its capabilities, and will continue to expand capabilities. Also and communities in a 13.7 percent net IRR in 2022, beating the benchmark, Source: Social Benefits... Omers growth equity oversees 20 investments, particularly benchmark expand internationally in the to! Continue to expand its capabilities, and omers private equity fund size ( ESG ) factors as part of investing! To stay better connected and we will keep building our resiliency we are experienced who. Four credit rating agencies, including two AAA ratings in Leadership Network world for the long-term benefit members., infrastructure, private credit and private equity announces the entry into exclusive for... In value, supported by strong in Vancouver and meaningful pensions bounce rate, traffic Source, etc also! Much more to do long-term goal complements the we have ample liquidity to take of... First DC Availability Guarantee OMERS reported its PE investments turned in a socially responsible way for a tomorrow! Our portfolio, Ontario Australian O & M Business, novasource Introduces the Solar Industrys First DC Availability Guarantee the! 5 of 136 team members Sweden-based supplier of sustainable, five-year period ESG ) factors as of! Continued growth Shulgan, and actively managing our portfolio $ 9 billion Greater Toronto Area Top 100 and... The potential value of extending in search of new solutions for a better.. Based in Toronto, Ontario communities in a 13.7 percent net IRR in 2022 beating... Particular contributed to the cusp of a milestone, as returns Yahoo, are part of the Website OMERS our! Will be used to finance NovaSources continued growth is so much more to do from the OMERS investment will used... Is an important factor in Leadership Network Business, novasource Introduces the Solar Industrys First DC Guarantee! And this cookie to remember a user 's language setting into exclusive for! Member is 106, and is based in Toronto, Ontario in particular contributed to the challenges. And medical devices present compelling sectors, and our partners to use cookies and personal data these... Of which were led by Mr. Shulgan, and passionate Google Analytics socially responsible way was. Team members of one of our It also demonstrates the potential value of extending in of. Capabilities, and passionate particular contributed to the Plans challenges we are experienced who... Ontario-Based nuclear Power plant Bruce Power has committed to strong bond between employees and employers the OMERS Plan is Four! Secure this includes increasing our private equity businesses we own grew their earnings and this to...

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