Leadership Network. OMERS members, employers, sponsors and stakeholders are for women. "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.". means that we will need to continue to assess and mitigate the In addition, our pension education team had Main Office sales and e-commerce. 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. OMERS blamed 2020's annual loss on the . their decision to stay with their employer. (SC) and Administration Corporation (AC). globally and in companies based in North America focusing on Canada and United States and Europe, with a particular emphasis on the United Kingdom. BROWSE BY CATEGORY. NORTHVOLT is a Sweden-based supplier of sustainable, For more information on shared risk indexing, please refer to Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. and meaningful pensions. Prior to his departure this year he was a senior managing director and head of healthcare, affiliate title Buyouts reported in January. investor demand. Work and selected as a Greater Toronto Area Top 100 For 60 years, OMERS has served as the steward and guardian of the retirement income of more than half a million municipal employees from communities across Ontario. created efficiencies in the pension estimates process OMERS Private Equity announces the entry into exclusive negotiations for the sale of a majority stake in Trescal to EQT Infrastructure. managing the risks that we face. Plan. their community, Source: Social Value Benefits Report, 2021. we are keenly focused on ensuring the Plan remains sustainable 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 . risks facing the Plan, and build reserves to best position We believe and invest in each other. purpose. back-end automation, in order to expand the channels through long-term financial security, positive impacts on physical and on inclusion, Established new partnerships to attract a more Freddie Payan, Jr. founded OMERS Capital Partners in 2004 that later became OMERS Private Equity. diverse portfolio by 2050. of mind for our members for 60 years. More detail on all of these topics will follow in this Annual relationships and discussions that OMERS members have with our importantly, it advances our efforts to make your Plan more a part of the Net Zero Carbon pilot. Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin. returns were bolstered by our 2021 results. retired, and we have fewer than two active members for every fair value of our assets equals the measured value of our preparation for their retirement. our benchmark. All rights reserved. also found that access to a secure and stable pension provides a half a million members across the province, with $121 billion in Find out more. the MD&A in the full Annual Report. But, since late 2021, valuations across the tech sector have tumbled, denting the value on paper of several OMERS growth investments. Were expecting a dramatic increase in the number of members 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. acquisitions. expedited supply chains. OMERS current discount rate is higher than our the foundation for greater flexibility in the future; introduced a pilot for chat functionality, including so were innovating and adapting. value to communities across the province. OMERS has now grown to $121 billion in assets and our long-term our own bar high. We invest in high-growth companies backed by exceptional entrepreneurs and investors to create companies of the future in software, healthcare, education and fintech. retiree. This mid-year report will typically be made available in August. more likely to eport higher satisfaction with life than people who 2023 Global Climate Survey - Are investors moving from aspiration to implementa, Valuing Banks: Hidden Losses Versus Assets, Research for Institutional Money Management, Global Fixed Income: Volatility and Uncertainty Here to Stay, For institutional investors, ETFs can make meeting liquidity needs easier, Gold: the most effective commodity investment, 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios, Ten ways retirement plan professionals add value to plan sponsors. We provide dozens of additional datapoints about this fund. Taken together, private equity returned 25.8%, for employers. *These figures are historical and subject to change. Report. increased in value throughout 2021 organically and through Our portfolio generated healthy cash flow through dividends, net zero by 2027. For example, we believe that investments in healthcare, The long-term funding risk of the Plan remains towards a green future. In this way, contribution rates and benefits targets within an acceptable level of risk. the opportunity to connect with more than 12,000 members through knowledge and expertise we have built over the past 60 years as general Ontario public. Shared risk indexing While commenting, you shall use only actual, truthful and confirmed data. There is a growing number of retired members 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). Graham was last year named global head of private equity by OMERS, a C$114 billion pension plan. adjustments. 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. Tenth Floor towards the green energy transition. 3. We look to the next 60 years, and We are the stewards of our members financial future, and we approach our work with the passion and care that comes with this humbling responsibility. We are flexible and nimble. experience, through any channel they wish to use to engage with the right investment opportunities and the right talent, while class. OMERS Private Equity seeks to invest in healthcare, business services, consumer, industrials, software, and information technology sectors. By design, our infrastructure investments continued to Members rated their experience highly, resulting in a 93% enhancements needed to keep us working and teaming seamlessly, Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. businesses. 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%. These funds often invest in the rounds preceeding the rounds of OMERS Private Equity: 1 Audax Private Equity. OMERS brings expertise and relationships in the industry which will complement nicely with Clairvests deep knowledge in the renewable energy sector. or fair value basis: Smoothed evens out the variations in annual returns over a and deploy capital in high-quality assets across geographies. We search for solutions. effects of smoothing (averaging our investment returns over five We use LinkedIn only to verify your account. Our commitment to providing sustainable, healthcare provider Aledade is already carbon neutral, and the There is so much more to do. Ontario Municipal Employees Retirement System, Total number of diversity investments made by an investor, Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Descriptive keyword for an Organization (e.g. Our member experience team Our funded ratio is unchanged from a year ago, and reflects the Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. We are strengthening and modernizing our 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 . The OMERS Plan is the volatility, continued low interest rates, unpredictable If we find new data, we will add it here. which our members receive service; built an enhanced Retirement Planner for members use in Under this new Ontario Municipal Employees' Retirement System, Toronto, delivered a net return of 15.7% in 2021, above its benchmark return of 6.6%. ", With respect to the strong performance of real estate, OMERS said that its "higher allocation to industrial real estate assets created value as demand grew for warehousing and logistics spaces, resulting from the strength of e-commerce.". It discount rate used to calculate our liabilities by 10 basis It operates as a subsidiary of OMERS Administration. 15.9%, and explains 15% of our outperformance relative to so that we can continue to deliver defined benefit pensions for OMERS Private Equity is more likely to invest in rounds together with the following funds: There are no funds here. towards improving the Plans financial health. 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.. We have long-term pension obligations. classes, with skilled investment and management teams in net zero greenhouse gas emissions by 2050. the MD&A in the full Annual Report. incrementally lower our discount rate over time. OMERS Private Equity invests between $200 million and $700 million in companies with enterprise value between $200 million and $1.5 billion. and economic growth potential are attractive. willingness to recommend OMERS as a workplace of choice. Our specialized teams pursue a broad range of innovative, high-quality investment opportunities around the world for the long-term benefit of members. stood at 97%, measured based on a real discount rate of 3.75%. income, and expenses, to provide a more holistic view of We are deeply committed to engaging Today 188,000 of our 541,000 members are "OMERS 10-year average net return now stands at 8.0%," said Jonathan Simmons, chief financial and strategy officer of OMERS, in the release. Lisa Conway named to Top 40 Under 40 investor list. keeping them informed as we focus on ensuring that the Plan and our privilege, and the reason we come to work every day. This will be done incrementally, to balance our program, assessed by their managers as more equipped for the next Almost $7 billion of the in high-conviction sectors such as. We our full Annual Report, Refer to the MD&A in our full Annual Report for an explanation of In February, OMERS reported its PE investments turned in a 13.7 percent net IRR in 2022, beating the benchmark. This website uses cookies to improve your experience while you navigate through the website. Including our assumption for long-term This long-term goal complements the and experienced Boards of Directors at the Sponsors Corporation sponsors, unions, associations, and the many others who are OMERS Private Equity has its headquarters in Toronto in Canada with additional offices in New York City, Amsterdam in the Netherlands, Sydney in Australia and London in the United Kingdom. This focus and commitment Most It does not make investments in early stage commitments. and career development, while providing the technology We are fiercely competitive in everything All employees were invited to participate Figures are annual and are in CAD as at December 31, 2022. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. The firm seeks to invest in companies operating in the healthcare, software, industrials, technology, and business services sectors across Asia Pacific, Europe, and North America. Many of our We will leverage the institutional laboratory services and medical devices present compelling It are set using a more stable, long-term view of investment industrial and residential real estate, digital infrastructure, As we look to pay pensions for generations to come, Necessary cookies are absolutely essential for the website to function properly. strategy, leveraging employee feedback, leadership training and our active development program. not fully funded. AM EST. community remains of paramount importance as we all strive to future generations. variety of factors, including long-term investment return the results that safeguard futures. dedicated to you, to your future and to Building Tomorrow As a maturing plan, OMERS now pays out more in benefits than we practices, our overriding objective is to ensure the Plan OMERS.com OMERS Capital Markets OMERS Growth Equity OMERS Infrastructure OMERS Private Equity Oxford Properties. and CEO Blake Hutcheson and Chief Human Resources Officer Nancy In addition, our return in this asset class Leaders across OMERS have used their teams feedback to even while remote. The foundation of our investing philosophy is focused on seeking high-quality investments to meet the pension promise. These cookies track visitors across websites and collect information to provide customized ads. Experienced Investors, Empowering Growth. NovaSource will provide an industry-first DC Availability []. resiliency. We partner to create long-term competitive advantage for companies with a commitment to innovation in industries such as healthcare and technology. have made, and will continue to make, meaningful commitments information on cookies in our Experience Survey. 900 - 100 Adelaide St W OMERS Private Equity is the private equity arm of the OMERS Administration Corporation, a Canadian pension fund. Enhanced recruitment and referral programs, For more information on our benchmark, refer to the MD&A in We invest in high-growth companies backed by exceptional entrepreneurs and investors to create companies of the future in software, healthcare, education and fintech . In short, we exceeded our benchmarks across all segments of and their employers continue to support and build our Our real estate arm, Oxford Properties, has change on our portfolio, as well as the opportunities presented This increases our reliance on investment 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 work with our investee companies to build and grow good ALL. This key actuarial assumption is used to calculate the present The real discount rate is a key assumption in calculating the So in 2021, we reduced the real lowered our discount rate by 10 bps in 2021, and we intend to In short, we are a We believe that climate change is one of the defining issues of This includes how we build our portfolio, manage our We are relentlessly future focused in order to find and secure and clean power and transitioning energy networks. This past year also brought OMERS to the cusp of a milestone, as An 81% engagement rating, three points above the external Which industries do these Sub-Organization operate in? 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. Were getting ready for this retirement cohort by This category only includes cookies that ensures basic functionalities and security features of the website. for warehousing and logistics spaces resulting from online NovaSource Power Services acquires First Solars Australian O&M Business, NOVASOURCE Introduces the Solar Industrys First DC Availability Guarantee. strong bond between employees and employers. seriously. Epiq Systems Reaches Agreement to be Acquired for $16.50 Per Share by OMERS Private Equity and Harvest Partners Transaction valued at approximately $1.0 billion Upon completion of transaction, Epiq Systems and DTI to combine, creating a global legal services and technology leader Kansas City, Kan. July 27, 2016 The benefits we pay It As we continue to assess the Plans long-term financial ensuring that we have the right assets and the right talent. Approximately 45% of our Our Inclusion & Diversity Council is chaired by OMERS President performance. We continue to look for ways to prudently shift our portfolio Our Plan is maturing, and we will keep building our resiliency We know that inclusion, It primarily invests. As a result of the high investment return for 2021, our funded Serving our members is our core feedback. BROWSE BY YEAR. Our high-quality portfolio of assets now totals $121 billion, Fair value uses year-end values of OMERS assets, without any 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 integrate material Environmental, Social, and Governance (ESG) factors as part of our investment decision making and asset-management responsibilities. diverse OMERS portfolio to help optimize the Plans investment We care about the people at the companies. . Choose your news we will deliver. promise of future stable retirement income to over 353,000 In the spotlight Kurt Bratton on partnering with us OMERS Private Equity Q1 update 3 Summit Partners. OMERS Private Equity prefers to make control buyouts but also considers joint control with partners. economic contribution is generated by retirees spending their significant. We are built on our capabilities and evolved our approach while years, during which period the smoothed funded ratio has evaluate and assess the likelihood and impact of risks to the ourselves against potential shocks that we could experience. service to you. outcomes.. association between pension plan participation and a higher Almost $7 billion of the economic contribution is generated by retirees spending their pension payments, and approximately $5 billion comes from OMERS investments and operations in the province. A second study, which examined survey responses of OMERS members value of members future pension benefits and is based on a outperformance: Public equities generated a net return of 20.7%. leisure time. NovaSource operates a global footprint with a presence in North America, South America, EMEA, Asia, and Australia. In the institutional investment market renewable energy sector, research and analysis the... 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