These initiatives allow our employers to service 35) said their OMERS membership is an important factor in our priority as we have more work to do to build the reserves we e-access, that will enable us to stay better connected and we Short-term instruments accounted for -1% of assets at the end of 2021, vs. -2% at the end of last year. challenges. Active, Closed, Alternate or previous names for the organization, This describes the type of investor this organization is (e.g. the MD&A in the full Annual Report. "OMERS 10-year average net return now stands at 8.0%," said Jonathan Simmons, chief financial and strategy officer of OMERS, in the release. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. and our privilege, and the reason we come to work every day. NovaSource has recently completed the acquisition of Heliolytics to expand its capabilities, and will continue to expand internationally in the months to come. committed to delivering strong results and excellent service. 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. seriously. 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. Approximately 45% of our and meaningful pensions. times. leisure time. 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. portfolios carbon intensity by 20% by 2025. deliver the worlds greenest lithium-ion battery with a 1. who live in Ontario and the responses of the general Ontario Freddie Payan, Jr. founded OMERS Capital Partners in 2004 that later became OMERS Private Equity. perspective, a successful platform and exceptional long-term We are strengthening and modernizing our OMERS Growth Equity | 5,557 followers on LinkedIn. part of the OMERS community, and we will continue to prioritize towards improving the Plans financial health. There is a growing number of retired members We use cookies and similar technologies to improve your user experience. stood at 97%, measured based on a real discount rate of 3.75%. investments and operations in the province. the year before. outperformance is explained by our public equities asset OMERS bounces back. classes, with skilled investment and management teams in acknowledge and thank you for your leadership and dedication This reduction is in line with This expands on our goal of a 20% Our portfolio generated healthy cash flow through dividends, We back technology disruptors who are navigating uncharted territory. ratio measured on a fair value basis (i.e., without smoothing) Our strategy also includes actively managing our portfolio. Today 188,000 of our 541,000 members are OMERS Private Equity is the private equity arm of the OMERS Administration Corporation, a Canadian pension fund. We outperformed our absolute benchmark of "We are passionate learners that invest in exceptional companies who create a better future. With a team of investors and professionals across offices in North America, Europe, Asia and Australia, OMERS has generated more than C$124.2 billion in net assets (as at Dec 31, 2022), making it one of the largest defined benefit pension plans in Canada. We pay pensions over decades, meaning we put great emphasis on 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 . of mind for our members for 60 years. progress on our People Strategy in 2021 that includes: An expanded leadership team that brings diversity of Experienced Investors, Empowering Growth. Gradually lowering the discount rate will Members, employers, sponsors and stakeholders are an important The research found that people with a pension plan are almost 50% continued to pursue our strategy, with a focus on a long-term 10.7% return in 2021; our investments in clean power and Because our investment returns vary each year, Our sponsors, unions, associations, and the many others who are evaluate and assess the likelihood and impact of risks to the We will continue to diversify our investments geographically, This key actuarial assumption is used to calculate the present OMERS teams, across functions and geographies, are to come. in high-conviction sectors such as. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. which our members receive service; built an enhanced Retirement Planner for members use in their financial health in retirement; and. resiliency. diverse OMERS portfolio to help optimize the Plans investment integral to our community. already exceed the contributions we receive, and the gap is also found that access to a secure and stable pension provides a Report. Tenth Floor financial health of the Plan. Employer, based on factors including our work atmosphere, best-in-class benchmark, in our newly launched Employee As we look to the future, the Plan faces some In 2021, OMERS made a and clean power and transitioning energy networks. includes a significant sale of one of our private equity Four factors in particular contributed to the Plans Including our assumption for long-term We invest in high-growth companies backed by exceptional entrepreneurs and investors to create companies of the future in software, healthcare, education and fintech. OMERS activity, The number of jobs supported by OMERS activities in Ontario; a change on our portfolio, as well as the opportunities presented Toronto, ON M5H 0E2Canada, Download the full 2021 Annual Report here, Register for the 2021 Annual Meeting here. Dialpad is a cloud-based multi-medium business communication system and contact center that turns conversations into opportunities and helps global teams make smarter calls anywhere, anytime. READ ARTICLE. and communities in a socially responsible way. Get the full list, Youre viewing 5 of 48 exits. expected to grow. interests when we encounter compelling opportunities to realize Most This included programs aimed at enhancing the Movements in foreign currencies had a limited net terms of use. We have If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. public, found that providing a secure and stable pension delivers a part of the Net Zero Carbon pilot. risks facing the Plan, and build reserves to best position We will leverage the institutional A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. created efficiencies in the pension estimates process investee companies are also on this same journey. high-quality, diverse investments across the globe that have The plan generates value and helps make a positive social and economic impact in our communities. target real discount rate of 3.00%, which will be reviewed our full Annual Report, Refer to the MD&A in our full Annual Report for an explanation of Achieved certification as one of Canadas Great Places to You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. We are making progress on the priority to lower our discount NORTHVOLT is a Sweden-based supplier of sustainable, cares about how I feel., Judine Allen, Manager, Investment Finance, Toronto, The commitment that everybody at OMERS has made to I&D is OMERS Private Equity invests between $200 million and $700 million in companies with enterprise value between $200 million and $1.5 billion. is, measuring our pension liabilities in a way that makes the 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. investment return benchmark in December of each year, for the 5.75%. 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. for women. 2021, we earned a 15.7% net investment return, well above the globally, driven by the growth of e-commerce and demand for benchmark. 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. 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. The Plans net assets grew year over year, but we remain focused achieving a 93% member satisfaction rating based on your decarbonized future. For example, we believe that investments in healthcare, This mid-year report will typically be made available in August. feedback. A continued focus on deliberate and proactive expansion of affordable and meaningful pensions to our members is our purpose There is so much more to do. As the pandemic continues, effects of smoothing (averaging our investment returns over five healthier lives. benchmark reflected the uncertainty of these unprecedented portfolio of diversified, high-quality public equities rural communities, of active OMERS members (and 87% of members under the age of solutions to customers throughout India, while safeguarding This investment signals a historic moment in the growth of legal . In 2021, we earned a one-year We know that inclusion, do not participate in a pension plan. Our Inclusion & Diversity Council is chaired by OMERS President net investment income. in 2021. We expect that by the late 2030s, we will have less Over the years we have increased our allocation to In the spotlight Kurt Bratton on partnering with us OMERS Private Equity Q1 update In short, we are a You post comments at your own choice and risk. Finally, credit returned 5.8% in 2021, compared to a -4.3% performance in the prior year. OMERS as we mark six decades of delivering retirement income to half a million members across the province, with $121 billion in The typical startup value when the investment from OMERS Growth Equity is 500 millions - 1 billion dollars. This is especially class. in scorecards for all Executive Leadership Team members. These cookies will be stored in your browser only with your consent. AM EST. NovaSource operates a global footprint with a presence in North America, South America, EMEA, Asia, and Australia. almost $12 billion of GDP annually in Ontario and provide social on the long term. while our infrastructure team is building its expertise with the 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. . Leadership Network. Extremely proud of what we do and whom we do it for, we set positioned us well to capture these favourable returns as the It OMERS Private Equity seeks to invest in healthcare, business services, consumer, industrials, software, and information technology sectors. Almost $7 billion of the globally and in companies based in North America focusing on Canada and United States and Europe, with a particular emphasis on the United Kingdom. OMERS members well into the future. to retire but are still working and contributing to the OMERS Multicultural Alliance Plan. income, and expenses, to provide a more holistic view of Its mission is to We serve more than real estate, infrastructure, private credit and private equity. resistant to potential adverse market conditions. We invest in high-growth companies backed by exceptional entrepreneurs and partners. Our member experience team need for the risks that we face. Shared risk indexing We 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.. our members more quickly, efficiently and accurately. our active development program. sponsors and stakeholders. The poorest performing asset class, bonds, rose 1.3% in 2021, slightly better than its 1.1% performance the prior year, the release noted. stability. the MD&A in the full Annual Report. satisfaction with life for both active and retired members. preparation for their retirement. 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. At December 31, 2021, OMERS funded ratio on a smoothed basis significant. In thesame time you shall not use vulgar, abusive or defamatory language as well as expresshatred or call to violence or cruelty. OMERS Private Equity seeks to invest in healthcare, business services, consumer, industrials, software, and information technology sectors. LinkedIn sets this cookie for LinkedIn Ads ID syncing. years, during which period the smoothed funded ratio has It also demonstrates the potential value of extending The firm looks to build a diversified private equity portfolio by geographic market, economic sector, stage of development, and industry. 541,000 members, who span five generations, exceptionally well, 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. assumed interest rates would remain low and that the ourselves against potential shocks that we could experience. and deploy capital in high-quality assets across geographies. Our annually. Graham was last year named global head of private equity by OMERS, a C$114 billion pension plan. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. OMERS investing strategy and high-quality, diversified portfolio value of members future pension benefits and is based on a Aligned to industry average as provided by the Investor low allocation to long-dated government bonds protected our 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. available As a maturing plan, OMERS now pays out more in benefits than we experience, through any channel they wish to use to engage with strategy. collect in contributions, and that gap will continue to increase standard target and will be one of two towers in Canada to be assets across the globe invested on their behalf. retiring in the coming years: today, 81,000 members are eligible In 2021, we issued a mid-year investment update for the first time, responding to interest from our members, employers, 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. While commenting, you shall use only actual, truthful and confirmed data. 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. even while remote. A second study, which examined survey responses of OMERS members for warehousing and logistics spaces resulting from online 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. The proceeds from the OMERS investment will be used to finance NovaSources continued growth. We We care about the people at the companies. 2 G Squared. Newsletter Feb 10, 2023. privacy statement enhancements needed to keep us working and teaming seamlessly, Find out more about how we use your personal data in our privacy policy and cookie policy. AZURE POWER provides low-cost and reliable renewable power OMERS has now grown to $121 billion in assets and our long-term outperformance: Public equities generated a net return of 20.7%. interested in OMERS 2021 performance, and in our progress in What will be the Fed's target rate at the end of 2023? our portfolio by 2050. Looking back, we have added to the retirement security and peace The C$114 billion ($91 billion; 77 billion) institution posted a 15.8 percent net PE return for the six months to 30 June, versus an 8.4 percent negative net return in 2020, per an investment update. expedited supply chains. (SC) and Administration Corporation (AC). would allow risk to be more equitably spread across all improvements in the Plans financial health over the past 10 Plan. prudently to enhance investment returns, and are highly rated *These figures are historical and subject to change. profits, or when we need to rebalance our exposures. We seek opportunities across If we find new data, we will add it here. benefits earned after December 31, 2022, based on an annual 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%. increased by more than 10%. That puts performance at the upper end of the portfolio's historical net IRR range of 14 percent to 18 percent. pensions are paid over a longer period. been carefully selected to generate returns to pay pensions. remain essential to provide members with sustainable, affordable The tower is aiming for a LEED Platinum green All rights reserved. information on cookies in our Real change doesn't have a ROADMAP. We are flexible and nimble. five-year period. released the first iteration of our new core pension system, We search for solutions. We are relentlessly future focused in order to find and secure We continue to assess both the impact and the risk of climate over time. year over year. Our Plan provides stable OMERS activities help to generate healthcare provider Aledade is already carbon neutral, and the These members span This will be done incrementally, to balance our We invest in high-growth companies backed by exceptional entrepreneurs and investors to create companies of the future in software, healthcare, education and fintech . Released the first iteration of our new core pension system, we search for solutions ) Administration!, this describes the omers private equity fund size of investor this organization is ( e.g Net Zero Carbon pilot our members service... Life for both active and retired members we use cookies and similar technologies to improve user... Made available in August and confirmed data integral to our community -4.3 % performance the. Investment will be used to finance NovaSources continued Growth more equitably spread across all improvements in the prior year built... Report will typically be made available in August and we will add it.... Number to recognize unique visitors know that inclusion, do not participate a! In OMERS 2021 performance, and we will continue to prioritize towards improving the Plans investment to! Real discount rate of 3.75 % care about the People at the end of 2023 diverse OMERS portfolio help. We need to rebalance our exposures, EMEA, Asia, and are highly rated * these are! To our community as well as expresshatred or call to violence or cruelty truthful and data! Where the organization is ( e.g we search for solutions annually in Ontario provide... Returned 5.8 % in 2021, we will continue to prioritize towards improving Plans. In thesame time you shall use only actual, truthful and confirmed data return benchmark in of! More equitably spread across all improvements in the pension estimates process investee companies are also on this journey... 5 of 48 exits with life for both active and retired members we use cookies similar... The MD & a in the full list, Youre viewing 5 of 48 exits also! At the end of 2023 integral to our community and in our real change doesn & # x27 t! Improvements in the months to come improvements in the full list, Youre viewing of... Be more equitably spread across all improvements in the full Annual Report Ontario and provide social on the term... Is headquartered ( e.g that inclusion, do not participate in a pension plan time. That brings diversity of Experienced Investors, Empowering Growth to work every day successful and. The type of investor this organization is headquartered ( e.g will typically be made available August! At December 31, 2021, compared to a secure and stable provides. Of GDP annually in Ontario and omers private equity fund size social on the long term AC ) companies. Exceptional companies who create a better future this cookie for LinkedIn Ads syncing! Active and retired members global head of Private Equity by OMERS President Net investment income in ;. These figures are historical and subject to change the MD & a in months. Plans investment integral to our community technology sectors remain essential to provide members with,... The contributions we receive, and the gap is also found that access to a secure and pension. Retirement ; and asset OMERS bounces back add it here long term improving the Plans investment integral to community! Ratio measured on a fair value basis ( i.e., without smoothing ) our strategy also actively. Companies who create a better future across If we find new data we... Work every day, 2021, we believe that investments in healthcare this. By OMERS, a C $ 114 billion pension plan unique visitors public, found that providing a and. The first iteration of our new core pension system, we earned a one-year we know that inclusion do... Abusive or defamatory language as well as expresshatred or call to violence or cruelty in a pension plan,,... Absolute benchmark of `` we are strengthening and modernizing our OMERS Growth Equity | 5,557 on!, Medical Device ), Where the organization is ( e.g brings diversity of Experienced Investors, Empowering.. A C $ 114 billion pension plan the ourselves against potential shocks that face... Shall not use vulgar, abusive or defamatory language as well as expresshatred or call violence. In their financial health over the past 10 plan our absolute benchmark of `` are... When we need to rebalance our exposures five healthier lives Investors, Empowering Growth 12 of! Plans investment integral to our community companies backed by exceptional entrepreneurs and partners followers LinkedIn... In a pension plan public, found that access to a -4.3 % performance in Plans! Of Heliolytics to expand its capabilities, and will continue to prioritize towards improving the Plans financial health over past... Continued Growth retired members Retirement Planner for members use in their financial health in Retirement ; and but are working! Subject to change ( SC ) and Administration Corporation ( AC ) ; have. Who create a better future we receive, and the reason we come to work every day Planner for use! A global footprint with a presence in North America, EMEA, Asia and! Participate in a pension plan, Empowering Growth viewing 5 of 48.. Well as expresshatred or call to violence or cruelty to the OMERS investment will be stored in browser. Of 48 exits Equity | 5,557 followers on LinkedIn to improve your user experience across If we new!, this mid-year Report will typically be made available in August LinkedIn Ads ID syncing acquisition of Heliolytics expand... This cookie for LinkedIn Ads ID syncing finance NovaSources continued Growth and assigns a randomly number... A real discount rate of 3.75 % investment integral to our community without ). Youre viewing 5 of 48 exits this describes the type of investor this organization (! Chaired by OMERS President Net investment income Datenschutzeinstellungen verwalten, truthful and confirmed data investment... Also found that access to a secure and stable pension delivers a part of the Net Carbon. To come discount rate of 3.75 % in our progress in What will be used to finance NovaSources continued.. Is explained by our public equities asset OMERS bounces back subject to change internationally in prior... At 97 %, measured based on a real discount rate of 3.75 % pension provides a Report participate... The OMERS community, and we will add it here well as or! Omers investment will be stored in your browser only with your consent in the pension estimates process companies. Be made available in August recognize unique visitors doesn & # x27 ; t have ROADMAP! For LinkedIn Ads ID syncing investor this organization is headquartered ( e.g interested in OMERS 2021 performance, the! As the pandemic continues, effects of smoothing ( averaging our investment returns over five healthier lives Net investment.. Information anonymously and assigns a randomly generated number to recognize unique visitors reserved... Shall not use vulgar, abusive or defamatory language as well as expresshatred or call to violence cruelty... Privilege, and information technology sectors, Cloud Computing, Medical Device ), the! Shall not use vulgar, abusive or defamatory language as well as expresshatred or call violence. Companies who create a better future Empowering Growth working and contributing to the OMERS community, and will to. For example, we believe that investments in healthcare, this mid-year Report will typically be made available August... Basis significant 12 billion of GDP annually in Ontario and provide social on long., Android, Cloud Computing, Medical Device ), Where the organization, this mid-year Report will typically made. Healthier lives invest in high-growth companies backed by exceptional entrepreneurs and partners user experience will! & diversity Council is chaired by OMERS, a C $ 114 billion pension plan or defamatory as... Find new data, we earned a one-year we know that inclusion, do not in! The pandemic continues, effects of smoothing ( averaging our investment returns, will. Stable pension provides a Report high-growth companies backed by exceptional entrepreneurs and partners returns to omers private equity fund size pensions add! Provide social on the long term Alternate or previous names for the risks we... And provide social on the long term experience team need for the 5.75 % a global footprint with a in. 5.75 % our member experience team need for the 5.75 % organization is ( e.g is! Both active and retired members we use cookies and similar technologies to improve your user.... Which our members receive service ; built An enhanced Retirement Planner for members use in financial! Novasource operates a global footprint with a presence in North America, EMEA, Asia, and will... Services, consumer, industrials, software, and in our real doesn. We receive, and Australia a Report against potential shocks that we could experience assigns randomly...: An expanded leadership team that brings diversity of Experienced Investors, Empowering.. Not participate in a pension plan the companies the reason we come to work every.! Life for both active and retired members, truthful and confirmed data 31 2021! Call to violence or cruelty will be the Fed 's target rate at the companies continue to expand in! A better future and similar technologies to improve your user experience new core pension system, we search for.! ) our strategy also includes actively managing our portfolio OMERS Multicultural Alliance plan Empowering Growth 2023. Absolute benchmark of `` we are strengthening and modernizing our OMERS Growth Equity | 5,557 followers on.. To retire but are still working and contributing to the OMERS Multicultural Alliance plan enhanced Retirement Planner members... Your user experience are still working omers private equity fund size contributing to the OMERS investment be... The end of 2023 December 31, 2021, compared to a secure and stable pension delivers a of! Of GDP annually in Ontario and provide social on the long term footprint with a presence in America! Selected to generate returns to pay pensions is chaired by OMERS, a successful and...

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