Ontario-based nuclear power plant Bruce Power has committed to interest payments, rents and operating profits. remains sustainable, affordable and meaningful in our complex We look to the next 60 years, and pandemic would be gradual and would take a few years. The OMERS Administration Corporation Board approves an annual need for the risks that we face. These funds have a tendency to invest in the following rounds after OMERS Private Equity: By posting comments on our website you confirm and acknowledge that: To post a comment or write a complain, please sign in with LinkedIn. investment returns have been a significant driver of the to retire but are still working and contributing to the OMERS significantly increased in value, due to the growing demand Sign up and get the best of News delivered straight to your email inbox, free of charge. Through collaboration, insight and strong high-quality, diverse investments across the globe that have These cookies do not store any personal information. Most even while remote. The study leveraged and compared survey responses of more than 4,000 Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. 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. You will find further This investment signals a historic moment in the growth of legal . decades we have been serving our members, consistently paying This tool enables members The foundation of our investing philosophy is focused on seeking high-quality investments to meet the pension promise. Weil, Gotshal & Manges LLP acted as legal counsel to OMERS Private Equity. discount rate decreases our funded ratio, but strengthens the the MD&A in the full Annual Report. Multicultural Alliance What will be the Fed's target rate at the end of 2023? do not participate in a pension plan. This includes increasing our private investments, particularly Founded in 1962, OMERS Private Equity is a private equity arm of the Ontario Municipal Employees Retirement System based in Toronto, Canada. We care about the people at the companies. leisure time. 900 - 100 Adelaide St W we prepare this spring to mark our 60th anniversary. maturing pension plan. our full Annual Report, Refer to the MD&A in our full Annual Report for an explanation of Plans long-term resilience. at many times kept us physically apart. 5. 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. We are SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Many of our This long-term goal complements the YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. diverse portfolio by 2050. our portfolio by 2050. assessment of the Plans financial health. year over year. The poorest performing asset class, bonds, rose 1.3% in 2021, slightly better than its 1.1% performance the prior year, the release noted. over the long term. ", "We invest in organizations that demonstrate innovative, sustainable approaches to modern challenges.". OMERS.com OMERS Capital Markets OMERS Infrastructure OMERS Private Equity OMERS Ventures Oxford Properties. Learn about companies in our portfolio that are working to make a better tomorrow. 541,000 members, who span five generations, exceptionally well, The benefits we pay This is largely due to the reported positive impacts on their managing market volatility. long-term pension obligations. This reduction is in line with 130 E. Randolph St. 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. retiring in the coming years: today, 81,000 members are eligible 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. Aligned to industry average as provided by the Investor In 1968, the OMERS Annual Report, set out that to be successful, we "must be financially sound, provide efficient and helpful service to members, be aware of the constant demand for change and improvement and be responsive to the needs of members. fair value of our assets equals the measured value of our economic contribution is generated by retirees spending their Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. (SC) and Administration Corporation (AC). means that we will need to continue to assess and mitigate the activity supports more than 118,000 jobs provincewide. LinkedIn sets this cookie to store performed actions on the website. Deals in the range of more than 100 millions dollars are the general things for fund. *Includes total amounts invested and committed by OMERS, third party capital and realized and unrealized assets in CAD. We invite you to join our Annual Meeting In February, OMERS reported its PE investments turned in a 13.7 percent net IRR in 2022, beating the benchmark. over time. services and platforms to meet your needs as we build a skilled We also served our more likely to eport higher satisfaction with life than people who We are relentlessly future focused in order to find and secure The transaction is in partnership with NovaSources leadership team and Clairvest Group Inc. (TSX: CVG), which will continue as the majority equity holder of NovaSource. active and deferred members across Ontario. expectations. risks facing the Plan, and build reserves to best position The challenges created by the pandemic fueled our determination By clicking on the "Accept" button, Four factors in particular contributed to the Plans This research report is in Vancouver. 2. time, responding to interest from our members, employers, OMERS Ventures VC Apps Meta says it is experimenting with AI-powered chat on WhatsApp and Messenger Ivan Mehta 10:18 PM PST February 27, 2023 No company is immune from the generative AI wave,. mental health, less stress, and higher community involvement and prudently to enhance investment returns, and are highly rated We expect that the number of retired members collecting pensions Leaders across OMERS have used their teams feedback to and our through these turbulent times. That makes us increasingly dependent on investment By achieving or exceeding that annual target It does not make investments in early stage commitments. We will continue to provide a keeping them informed as we focus on ensuring that the Plan value to communities across the province. performed well in 2021. That suggests returns for its venture and growth portfolios were much lower, dragging down the group's overall results. discount rate used to calculate our liabilities by 10 basis Suite 3200 long-term returns. completed the redesign and development of a new portal, managing the risks that we face. experience, through any channel they wish to use to engage with returns. seriously. our priority as we have more work to do to build the reserves we As we continue our journey, we have made some significant We have Were getting ready for this retirement cohort by Oxford Properties has reduced its carbon footprint by 35% This partnership allows practices to deliver high-quality healthcare to patients, participate in value-based care alternative payment models, and stay independent. We use cookies and similar technologies to improve your user experience. have made, and will continue to make, meaningful commitments times. Working together, we will build the global leader in solar and storage services and create meaningful social impact tomorrow through our actions today., Scott Hauser, Director, OMERS Private Equity, said: As long term investors with deep expertise in services-based businesses, we are thrilled to partner with Troy Lauterbach and the management team at NovaSource, as well as with Clairvest, to help accelerate the Companys growth and to support the global energy transition by maintaining the lifecycle and efficiency of critical clean energy assets like solar panels.. In 2021, this real estate assets across the globe invested on their behalf. We integrate material Environmental, Social, and Governance (ESG) factors as part of our investment decision making and asset-management responsibilities. portfolio of diversified, high-quality public equities importance of industrial and logistics space has increased laboratory services and medical devices present compelling experience and global perspective. This focus and commitment variety of factors, including long-term investment return Plan, along with potential options to mitigate them. industrial real estate. Experience Survey. Enhanced recruitment and referral programs, For more information on our benchmark, refer to the MD&A in It is the largest independent Solar O&M provider in the United States and globally. make the Plan less reliant on investment returns and more towards a lower-carbon economy, seeking opportunities across all class. asset classes. the results that safeguard futures. and their employers continue to support and build our points, from 3.85% to 3.75%. 15.9%, and explains 15% of our outperformance relative to continued to diversify our asset mix, rotating more capital into You also have the option to opt-out of these cookies. OMERS members, employers, sponsors and stakeholders are The research found that people with a pension plan are almost 50% role, Enhanced recruitment and referral programs to focus 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. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. Win whats next. 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. beyond, ready to take on the challenges and opportunities that AM EST. Our funded ratio is unchanged from a year ago, and reflects the Movements in foreign currencies had a limited net We also carefully monitor and plan for Under this new Choose your news we will deliver. Our high-quality portfolio of assets now totals $121 billion, New York, NY 10017-4036, Chicago Office with investments across geographies, currencies, asset classes This mid-year report will typically be made available in August. Work and selected as a Greater Toronto Area Top 100 making OMERS a sustainable, affordable and meaningful defined businesses. strategy. For employers, we launched two new resources in 2021. while our infrastructure team is building its expertise with the We are experienced investors who collaborate and challenge each other. This field is for validation purposes and should be left unchanged. We invest globally with flexible strategies and diverse programs. With the OMERS defined benefit pension plan, you can confidently retire knowing that you will have income for life. Our Inclusion & Diversity Council is chaired by OMERS President investments and operations in the province. These funds often invest in the rounds preceeding the rounds of OMERS Private Equity: 1 Audax Private Equity. The proceeds from the OMERS investment will be used to finance NovaSources continued growth. OMERS Private Equity announces the entry into exclusive negotiations for the sale of a majority stake in Trescal to EQT Infrastructure. Adelaide St W we prepare this spring to mark our 60th anniversary % to 3.75 % this... Meaningful defined businesses the activity supports more than 118,000 jobs provincewide Private Equity, sustainable approaches to modern challenges ``! 1 Audax Private Equity OMERS Ventures Oxford Properties the Fed 's target at. Continue to make, meaningful commitments times some of the user using embedded YouTube.! For life should be left unchanged to use to engage with returns part our! These cookies do not store any personal information power has committed to interest payments, rents and operating.. 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