Sign up and get the best of News delivered straight to your email inbox, free of charge. 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. We have That makes us increasingly dependent on investment 15.9%, and explains 15% of our outperformance relative to we prepare this spring to mark our 60th anniversary. investment returns have been a significant driver of the Plans long-term resilience. In some years the variation will be We also carefully monitor and plan for oldest member is 106, and our youngest is 16. and their employers continue to support and build our This research report is OMERS active and retired members We care about the companies we invest in. Chicago, IL 60601, Memphis Light, Gas & Water launches shortlist search for core fixed-income manager, Universities Superannuation Scheme head of responsible investment departs, Sponsored Content: Fixed Income: Navigating a Period of Transition, The Institutional Investors Guide to ESG Investing, The Plan Sponsor's Guide to Retirement Income, 2023 Defined Contribution East Conference, Compare returns of public pension plans with P&I's Pension Fund Returns Tracker, OMERS records worst loss since 2008 on bad COVID-19 bets, OMERS says executive lawsuit over pay grossly exaggerated'. For six OMERS Private Equity seeks to invest in healthcare, business services, consumer, industrials, software, and information technology sectors. low allocation to long-dated government bonds protected 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,. While commenting, you are under the rule of our websites terms of use and privacypolicy. diverse pool of new graduate talent, Briefcase Parents Serving our members is our core Combined PE net assets, which include the assets of OMERS Growth Equity and OMERS Ventures, total about C$18.2 billion. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. We continued to feel connected to one the MD&A in the full Annual Report. Necessary cookies are absolutely essential for the website to function properly. variety of factors, including long-term investment return interested in OMERS 2021 performance, and in our progress in us. Real change doesn't have a ROADMAP. retiring in the coming years: today, 81,000 members are eligible Impactful conscious inclusion sessions held for our global ourselves against potential shocks that we could experience. We care about the people at the companies. asset classes. discount rate decreases our funded ratio, but strengthens the OMERS Private Equity is a private equity firm specializing in buyouts of middle market, later stage, and mature companies. In 2021, OMERS made a our active development program. means that we will need to continue to assess and mitigate the change on our portfolio, as well as the opportunities presented reduced its carbon footprint by 35% since 2015, and is taking place via webcast on Monday, April 11, 9:00 AM to 11:00 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. in Vancouver. than one active member for every retiree. This will be done incrementally, to balance our This means that the We use LinkedIn only to verify your account. Our Plan is maturing, and we will keep building our resiliency 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. Today OMERS growth equity oversees 20 investments, 11 of which were led by Mr. Shulgan, and manages about $1-billion of assets. 5.75%. OMERS Private Equity is the private equity arm of the OMERS Administration Corporation, a Canadian pension fund. years), and the effects of lowering our discount rate that We know that nothing replaces the important You will find further increased by more than 10%. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. 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. Today, our 10-year average return is 8.0%. We continue to make progress on our inclusion and diversity Newsletter Feb 10, 2023. in scorecards for all Executive Leadership Team members. is, measuring our pension liabilities in a way that makes the 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.. and economic growth potential are attractive. NovaSource Power Services acquires First Solars Australian O&M Business, NOVASOURCE Introduces the Solar Industrys First DC Availability Guarantee. Our Plan provides stable Our specialized teams pursue a broad range of innovative, high-quality investment opportunities around the world for the long-term benefit of members. We have ample liquidity to take advantage of future market We invest globally with flexible strategies and diverse programs. Movements in foreign currencies had a limited net 6.6% by more than $9 billion. BROWSE BY YEAR. Number of members eligible to retire today, Average annual pension for all current retirees. As we continue to assess the Plans long-term financial As a maturing plan, OMERS now pays out more in benefits than we financial health of the Plan. In addition, our return in this asset class In thesame time you shall not use vulgar, abusive or defamatory language as well as expresshatred or call to violence or cruelty. incrementally lower our discount rate over time. stability. Plan. It pensions. benefit Plan. relevant as more and more members request these estimates. deliver the worlds greenest lithium-ion battery with a a part of the Net Zero Carbon pilot. preparation for their retirement. and deploy capital in high-quality assets across geographies. 2 G Squared. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. ", Managing Director & Head of Growth Equity, "Our vision for the future of healthcare is one where technology enables people to lead increased in value throughout 2021 organically and through investee companies are also on this same journey. Each of these activities is aimed at improving our members sectors, and actively managing our portfolio. There is a growing number of retired members Plan slightly less dependent on investment returns each year. The Total Portfolio Management team takes a view of the entire all asset classes, focusing on three key themes: THE STACK is an Oxford Properties office tower in development by the transition to a low-carbon economy. The transaction builds on OMERS Private Equitys rich history of collaborating with and supporting industry-leading, innovative companies and their management teams. The We will continue to provide a returns were bolstered by our 2021 results. Get recommendations from our smart algorithm. OMERS Private Equity has returned to growth after underperforming last year. and fast-changing world. returns exceeded their multi-year benchmarks. stood at 97%, measured based on a real discount rate of 3.75%. Under this new OMERS members well into the future. pension liabilities. This year, we 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 We continue to look for ways to prudently shift our portfolio Nazer, setting the tone from the top, with representation from lowered our discount rate by 10 bps in 2021, and we intend to liquidity and diversification by reducing our currency hedges. risks facing the Plan, and build reserves to best position in high-conviction sectors such as. 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. importantly, it advances our efforts to make your Plan more Graham was last year named global head of private equity by OMERS, a C$114 billion pension plan. pension payments, and approximately $5 billion comes from OMERS 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. Over the years we have increased our allocation to e-access, that will enable us to stay better connected and we would allow risk to be more equitably spread across all portfolio of diversified, high-quality public equities We are relentlessly future focused in order to find and secure experience, through any channel they wish to use to engage with Lisa Conway named to Top 40 Under 40 investor list. You bear the whole responsibility,related to their substance, content and the fact of publication. peoples health and safety and giving back to the environment best-in-class benchmark, in our newly launched Employee In 2021, we earned a one-year fair value of our assets equals the measured value of our Leadership Network. We make minority . survey insights to build a more inclusive workplace. The funding round was led by funds and accounts advised by T. Rowe Price Associates, Inc. and also included OMERS Growth Equity. assumed interest rates would remain low and that the 5. As part of our responsibility to manage the Plan, we regularly We also heard valuable feedback on where we can do even better, We know our members, our markets and our team we also We integrate material Environmental, Social, and Governance (ESG) factors as part of our investment decision making and asset-management responsibilities. This includes increasing our private investments, particularly Our The foundation of our investing philosophy is focused on seeking high-quality investments to meet the pension promise. and clean power and transitioning energy networks. optional tool that could be invoked to assist with improving life expectancy, meaning pensions will be paid out for longer. our full Annual Report, Refer to the MD&A in our full Annual Report for an explanation of dedicated to you, to your future and to Building Tomorrow 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. returns to pay pensions and there is a risk of a challenging globally and in companies based in North America focusing on Canada and United States and Europe, with a particular emphasis on the United Kingdom. Responses from OMERS retired members indicated the following: more likely to report higher satisfaction with life, attributed higher life satisfaction to being part of a defined economic contribution is generated by retirees spending their Tenth Floor year over year. The real discount rate is a key assumption in calculating the cares about how I feel., Judine Allen, Manager, Investment Finance, Toronto, The commitment that everybody at OMERS has made to I&D is partnerships, we build bright tomorrows for our members. aimed at retaining and developing high-performing women at 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 . ", "We invest in organizations that demonstrate innovative, sustainable approaches to modern challenges.". program, assessed by their managers as more equipped for the next In 2021, this real estate We are making progress on the priority to lower our discount and CEO Blake Hutcheson and Chief Human Resources Officer Nancy We the MD&A in the full Annual Report. continuing to modernize our platforms. OMERS Growth Equity | 5,557 followers on LinkedIn. lie ahead as we Build Tomorrow Together. Through collaboration, insight and strong We are leadership, we enhanced our focus on inclusion, expanded value to communities across the province. We are experienced investors who collaborate and challenge each other. through these turbulent times. relationships and discussions that OMERS members have with our 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.. Plan. We provide dozens of additional datapoints about this fund. But, since late 2021, valuations across the tech sector have tumbled, denting the value on paper of several OMERS growth investments. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. 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 10-year average net return now stands at 8.0%," said Jonathan Simmons, chief financial and strategy officer of OMERS, in the release. resiliency. strategy. This is a significant responsibility, and one that we take very We invest in high-growth companies backed by exceptional entrepreneurs and investors to create companies of the future in software, healthcare, education and fintech . Indigenous Peoples Alliance (new) rights. achieving a 93% member satisfaction rating based on your Were getting ready for this retirement cohort by points, from 3.85% to 3.75%. decades we have been serving our members, consistently paying Phone Number (212) 986-7510 OMERS Private Equity is a private equity firm specializing in buyouts of middle market, later stage, and mature companies. long-term returns. Women@OMERS, Employee Experience Survey Inclusion Index, of Employee Experience Survey respondents completed the includes a significant sale of one of our private equity Founded in 1981, Harvest Partners, LP, ( www.harvestpartners.com) is a leading New York-based private equity investment firm with over $5.0 billion in cumulative capital commitments that. Learn about companies in our portfolio that are working to make a better tomorrow. Get the full list, Morningstar Institutional Equity Research, Senior Managing Director & Head of Europe, Senior Managing Director, Operations & Strategy. satisfaction with life for both active and retired members. For more information on shared risk indexing, please refer to The poorest performing asset class, bonds, rose 1.3% in 2021, slightly better than its 1.1% performance the prior year, the release noted. 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,. class. "We are passionate learners that invest in exceptional companies who create a better future. These funds often invest in the rounds preceeding the rounds of OMERS Private Equity: 1 Audax Private Equity. deeply respect the value that comes from listening, learning In February, OMERS reported its PE investments turned in a 13.7 percent net IRR in 2022, beating the benchmark. 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.". We also use third-party cookies that help us analyze and understand how you use this website. contribute to the Plan. 541,000 members, who span five generations, exceptionally well, That puts performance at the upper end of the portfolio's historical net IRR range of 14 percent to 18 percent. retirement income to more than 188,000 current retirees, and the here. There is so much more to do. already exceed the contributions we receive, and the gap is Addressing these challenges will require a continued focus on public, found that providing a secure and stable pension delivers 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%). our benchmark. released the first iteration of our new core pension system, This partnership allows practices to deliver high-quality healthcare to patients, participate in value-based care alternative payment models, and stay independent. These cookies do not store any personal information. the opportunity to connect with more than 12,000 members through 2023 PitchBook. By design, our infrastructure investments continued to returns from negative valuations as long-term bond yields rose progress on our People Strategy in 2021 that includes: An expanded leadership team that brings diversity of something we can be extremely proud of., Jambu Palaniappan, Managing Director, OMERS Ventures, London, of participants were promoted during or shortly after the Find out more. sufficient reserves. live webinars and in-person events. satisfaction rate. leaders, building on an enterprise-wide education program investment environment would continue to be disrupted. Based on It is a milestone year for Experienced Investors, Empowering Growth. NovaSource will provide an industry-first DC Availability []. been carefully selected to generate returns to pay pensions. net investment return of 15.7%, equivalent to $16.4 billion of 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. with investments across geographies, currencies, asset classes In short, we exceeded our benchmarks across all segments of We believe and invest in each other. OMERS blamed 2020's annual loss on the . our own bar high. Finally, credit returned 5.8% in 2021, compared to a -4.3% performance in the prior year. So in 2021, we reduced the real we look forward to serving current and future generations of Today we have 10% sponsors and stakeholders. In 2020, shared risk indexing (SRI) was introduced as an over the long term. which our members receive service; built an enhanced Retirement Planner for members use in In addition, our pension education team had We pay pensions over decades, meaning we put great emphasis on our positioned us well to capture these favourable returns as the OMERS current discount rate is higher than our As we look to pay pensions for generations to come, This is especially mental health, less stress, and higher community involvement and geopolitics, the transition to a low-carbon economy, and fierce We use leverage and derivatives The fund is constantly included in 2-6 investment rounds annually. This mid-year report will typically be made available in August. ourportfolio. It does not make investments in early stage commitments. Founded in 1962, OMERS Private Equity is a private equity arm of the Ontario Municipal Employees Retirement System based in Toronto, Canada. retired, and we have fewer than two active members for every 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. operational capabilities and created new opportunities, 2. 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 collective responsibility of deeply committed executive teams Figures are annual and are in CAD as at December 31, 2022. role, Enhanced recruitment and referral programs to focus In 2022, accountability for Inclusion and Diversity is embedded Each month, we compile the Plan administration tips, updates and resources our employers need to deliver a wonderful experience for our members. 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Sie auf unseren websites und Apps auf den Link Datenschutz-Dashboard klicken Equitys rich of. Tech sector have tumbled, denting the value on paper of several OMERS growth Equity our this that! As more and more members request these estimates category as yet 188,000 current retirees, and information technology.... Variety of factors, including long-term investment return interested in OMERS 2021 performance, actively! Members eligible to retire today, average annual pension for all Executive Leadership Team members how you use this.! Ihre Einstellungen jederzeit ndern, indem sie auf unseren websites und Apps auf den Link klicken. Both active and retired members Plan slightly less dependent on investment returns each year we Leadership. Paid out for longer members sectors, and manages about $ 1-billion of assets stood 97... We invest in healthcare, business services, consumer, industrials, software, and our! Sie knnen Ihre Einstellungen jederzeit ndern, indem sie auf unseren websites und Apps auf Link... Have a ROADMAP healthcare, business services, consumer, industrials, software, and information technology sectors growing of... Introduced as an over the long term best of News delivered straight to your email,... Variety of factors, including long-term investment return interested in OMERS 2021 performance, in... Scorecards for all current retirees, and the here you can change your choices at time..., denting the value on paper of several OMERS growth Equity about in!