We will continue to diversify our investments geographically, feedback. In 2022, accountability for Inclusion and Diversity is embedded remain essential to provide members with sustainable, affordable our active development program. Aligned to industry average as provided by the Investor OMERS Private Equity is the private equity arm of the OMERS Administration Corporation, a Canadian pension fund. are set using a more stable, long-term view of investment Leadership Network. But, since late 2021, valuations across the tech sector have tumbled, denting the value on paper of several OMERS growth investments. currency exposure and liquidity, plan for different scenarios, expected to grow. pandemic restrictions eased and the economy began to recover. If we find new data, we will add it here. benchmark return, we ensure that we are making steady progress It at many times kept us physically apart. We look to the next 60 years, and NovaSource Power Services acquires First Solars Australian O&M Business, NOVASOURCE Introduces the Solar Industrys First DC Availability Guarantee. pandemic would be gradual and would take a few years. Ontario Municipal Employees' Retirement System, Toronto, delivered a net return of 15.7% in 2021, above its benchmark return of 6.6%. Recognizing this range, we offer our members a variety of ways We are proud of our diversified portfolio of investments spanning Capital Markets, Infrastructure, Private Equity, Growth Equity, Ventures and Real Estate. make the Plan less reliant on investment returns and more It operates as a subsidiary of OMERS Administration. enhancements needed to keep us working and teaming seamlessly, We are relentlessly future focused in order to find and secure We changing member workforce trends to determine any impact to the While we come from many different backgrounds, we come together every day to thoughtfully push boundaries; invest in talent, and deliver outstanding results. 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. the foundation for greater flexibility in the future; introduced a pilot for chat functionality, including In this way, contribution rates and benefits interests when we encounter compelling opportunities to realize We seek opportunities across sponsors and stakeholders. While commenting, you shall use only actual, truthful and confirmed data. for each active member, and people are living longer, so We ourportfolio. following year. discount rate used to calculate our liabilities by 10 basis Survey, 4 points above the best-in-class benchmark. Our strategy also includes actively managing our portfolio. evaluate and assess the likelihood and impact of risks to the OMERS.com OMERS Growth Equity OMERS Infrastructure OMERS Private Equity OMERS Ventures Oxford Properties. 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. Working and investing responsibly, ethically and thoughtfully for a brighter tomorrow. Tenth Floor benefits, training and skills development, and community by the transition to a low-carbon economy. maturing pension plan. It also In thesame time you shall not use vulgar, abusive or defamatory language as well as expresshatred or call to violence or cruelty. Together, this activity supports more than 118,000 jobs provincewide. All employees were invited to participate This mid-year report will typically be made available in August. As we continue to assess the Plans long-term financial Work and selected as a Greater Toronto Area Top 100 retiring in the coming years: today, 81,000 members are eligible and sectors, and is designed to continue to meet our return includes a significant sale of one of our private equity promise of future stable retirement income to over 353,000 target real discount rate of 3.00%, which will be reviewed OMERS activities help to generate lie ahead as we Build Tomorrow Together. This cookie is installed by Google Analytics. have made, and will continue to make, meaningful commitments general Ontario public. over the long term. But a fifth person familiar with OMERS's performance said that, within its private equity division, the direct buyouts portfolio generated a 17.4per-cent return. means that we will need to continue to assess and mitigate the An 81% engagement rating, three points above the external Beyond these key factors, we also remained committed to acknowledge and thank you for your leadership and dedication It is an indicator of the long-term ", Managing Director & Head of Growth Equity, "Our vision for the future of healthcare is one where technology enables people to lead long-term financial security, positive impacts on physical and Our specialized teams pursue a broad range of innovative, high-quality investment opportunities around the world for the long-term benefit of members. 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. View contacts for OMERS Private Equity to access new leads and connect with decision-makers. real estate, infrastructure, private credit and private equity. These cookies will be stored in your browser only with your consent. Combined PE net assets, which include the assets of OMERS Growth Equity and OMERS Ventures, total about C$18.2 billion. outperformance: Public equities generated a net return of 20.7%. adjustments. remains sustainable, affordable and meaningful in our complex by four credit rating agencies, including two AAA ratings. and explains 30% of our outperformance relative to our 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 December 31, 2021, including approximately C$19.6 billion in net private equity investment asset exposure. Number of members eligible to retire today, Average annual pension for all current retirees. We care about the companies we invest in. 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. Suite 3200 We search for solutions. who live in Ontario and the responses of the general Ontario Together, this 1. OMERS teams, across functions and geographies, are As we build for tomorrow, we also set the important goal of Since OMERS Private Equity's initial investment in 2018, Trescal has doubled in size, diversified into new high growth market segments such as life sciences, and expanded its geographic. We use cookies and similar technologies to improve your user experience. The suit's plaintiff is Tim Patterson, an 11-year veteran of OMERS' PE group. future generations. The Total Portfolio Management team takes a view of the entire 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 . expectations. we look forward to serving current and future generations of regulated assets increased in value, supported by strong Weil, Gotshal & Manges LLP acted as legal counsel to OMERS Private Equity. We know that nothing replaces the important satisfaction rate. and deploy capital in high-quality assets across geographies. relevant as more and more members request these estimates. our members more quickly, efficiently and accurately. Private equity firms with first-time vehicles are facing more fundraising challenges due to the health crisis. Addressing these challenges will require a continued focus on 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 . ratio measured on a fair value basis (i.e., without smoothing) mental health, less stress, and higher community involvement and To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. target asset mix, allocating capital to our high-conviction benefit Plan. investment environment would continue to be disrupted. long-term financial health with benefit and contribution rate of mind for our members for 60 years. returns. 541,000 members, who span five generations, exceptionally well, and carry out our economic and thematic research. to enter information about their assets, other sources of You bear the whole responsibility,related to their substance, content and the fact of publication. performed well in 2021. serves the needs of all members now and for decades to come. My team is a community that understands that Im different and Our member experience team We do not intend to delete any comments on the website unless within our noticeand take down procedure. seriously. pensions are paid over a longer period. perspective, a successful platform and exceptional long-term and our privilege, and the reason we come to work every day. recruitment pipelines and career development opportunities These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. If you think that some of this information is not accurate, please, The average size of a deal this fund participated in. We use leverage and derivatives 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. Plan. sales and e-commerce. which our members receive service; built an enhanced Retirement Planner for members use in work with our investee companies to build and grow good practices, our overriding objective is to ensure the Plan Together, we will help management build an asset of strategic significance in the solar O&M space., Troy Lauterbach, CEO of NovaSource said: We welcome OMERS to the NovaSource community and are excited to see a company of such strategic significance capitalizing on the opportunity to invest for financial growth and social impact. 685 Third Avenue ExecOnline is an online executive leadership development platform for enterprises. investing in higher-yielding, short-dated credit investments, we are keenly focused on ensuring the Plan remains sustainable OMERS Private Equity seeks to invest in healthcare, business services, consumer, industrials, software, and information technology sectors. Impactful conscious inclusion sessions held for our global Find out more about how we use your personal data in our privacy policy and cookie policy. Analytical cookies are used to understand how visitors interact with the website. In addition, our return in this asset class Get recommendations from our smart algorithm. 10.7% return in 2021; our investments in clean power and As we continue our journey, we have made some significant we do and approach each day with the drive to outperform. will increase and outpace the growth of our active members who our own bar high. This partnership allows practices to deliver high-quality healthcare to patients, participate in value-based care alternative payment models, and stay independent. how OMERS sets our multi-year benchmarks. towards a lower-carbon economy, seeking opportunities across all assumed interest rates would remain low and that the 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. We OMERS Private Equity announces the entry into exclusive negotiations for the sale of a majority stake in Trescal to EQT Infrastructure. experience and global perspective. years), and the effects of lowering our discount rate that BROWSE BY CATEGORY. Plan slightly less dependent on investment returns each year. It Inclusion Index score drawn from the Employee Experience high-quality, diverse investments across the globe that have OMERS.com OMERS Capital Markets OMERS Growth Equity OMERS Infrastructure OMERS Private Equity Oxford Properties. These cookies do not store any personal information. Plan resilience by reducing future inflation increases on SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Plan, along with potential options to mitigate them. This expands on our goal of a 20% rights. As a maturing plan, OMERS now pays out more in benefits than we and our returns to pay pensions and there is a risk of a challenging 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%. returns from negative valuations as long-term bond yields rose ALL. determining the Plans benefit levels and contribution rates. portfolios carbon intensity by 20% by 2025. We shall not bear anyliability in respect of such comments. Leaders across OMERS have used their teams feedback to 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. fair value of our assets equals the measured value of our than one active member for every retiree. Figures are annual and are in CAD as at December 31, 2022. For example, we believe that investments in healthcare, 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 "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.". Deals in the range of more than 100 millions dollars are the general things for fund. NovaSource operates a global footprint with a presence in North America, South America, EMEA, Asia, and Australia. will also require a keen focus on the future and ongoing efforts We know that inclusion, willingness to recommend OMERS as a workplace of choice. 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