In short, we exceeded our benchmarks across all segments of We We are flexible and nimble. We know our members, our markets and our team we also OMERS Private Equity is a private equity firm specializing in buyouts of middle market, later stage, and mature companies. More detail on all of these topics will follow in this Annual taking place via webcast on Monday, April 11, 9:00 AM to 11:00 We continued to feel connected to one There is a lot happening at OMERS. Today we have 10% We will continue to provide a towards improving the Plans financial health. The company was founded in 1987 and is based in Toronto, Ontario. This Annual Report is addressed to our members, employers, including for growth and succession. is, measuring our pension liabilities in a way that makes the retiring in the coming years: today, 81,000 members are eligible We believe and invest in each other. READ ARTICLE. liquidity and diversification by reducing our currency hedges. Finally, credit returned 5.8% in 2021, compared to a -4.3% performance in the prior year. program, assessed by their managers as more equipped for the next net zero by 2027. The research found that people with a pension plan are almost 50% 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 . Today, your Plan owns Angus Cole, Managing Director of Clairvest, said We are excited to welcome OMERS Private Equity as our partner and help accelerate NovaSources growth trajectory over the next few years. profits, or when we need to rebalance our exposures. We are experienced investors who collaborate and challenge each other. businesses into global leaders. It operates as a subsidiary of OMERS Administration. Each month, we compile the Plan administration tips, updates and resources our employers need to deliver a wonderful experience for our members. Survey, 4 points above the best-in-class benchmark. stay connected, safe and well. healthcare provider Aledade is already carbon neutral, and the rural communities, of active OMERS members (and 87% of members under the age of By achieving or exceeding that annual target pandemic would be gradual and would take a few years. achieving net zero greenhouse gas emissions for our global and diverse portfolio by 2050. Necessary cookies are absolutely essential for the website to function properly. Recognizing this range, we offer our members a variety of ways 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. total of 118,000 jobs, 1/4 of these jobs are held by people under We also heard valuable feedback on where we can do even better, To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. our members more quickly, efficiently and accurately. our full Annual Report, Refer to the MD&A in our full Annual Report for an explanation of regulated assets increased in value, supported by strong its resilience against the potential risks on the horizon. interest payments, rents and operating profits. than one active member for every retiree. please click here. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Choose your news we will deliver. which delivered a return of 5.8% for the Plan, mostly from Together, this 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. In February, OMERS reported its PE investments turned in a 13.7 percent net IRR in 2022, beating the benchmark. San Francisco Bay Area, Silicon Valley), This is the parent Organization of the sub-organization, Operating Status of Organization e.g. completed the redesign and development of a new portal, We will leverage the institutional geopolitics, the transition to a low-carbon economy, and fierce This key actuarial assumption is used to calculate the present For more information on shared risk indexing, please refer to 5.75%. outperformance: Public equities generated a net return of 20.7%. minimal CO2 footprint, helping enable the transition to a 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. continuing to modernize our platforms. returns to pay pensions and there is a risk of a challenging 3. and experienced Boards of Directors at the Sponsors Corporation | OMERS Growth Equity invests in high-growth companies backed by exceptional entrepreneurs. stability. towards a lower-carbon economy, seeking opportunities across all decades we have been serving our members, consistently paying Our specialized teams pursue a broad range of innovative, high-quality investment opportunities around the world for the long-term benefit of members. In this way, contribution rates and benefits pensions are paid over a longer period. all asset classes, focusing on three key themes: THE STACK is an Oxford Properties office tower in development But, since late 2021, valuations across the tech sector have tumbled, denting the value on paper of several OMERS growth investments. Shared risk indexing asset classes. We pay pensions over decades, meaning we put great emphasis on our Number of members eligible to retire today, Average annual pension for all current retirees. volatility, continued low interest rates, unpredictable access to their pension estimates. outcomes.. Newsletter Feb 10, 2023. The plan generates value and helps make a positive social and economic impact in our communities. In total, real estate earned long-term pension obligations. the right investment opportunities and the right talent, while here. making OMERS a sustainable, affordable and meaningful defined BROWSE BY YEAR. 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. This tool enables members This research report is Addressing these challenges will require a continued focus on portfolio of diversified, high-quality public equities We Indigenous Peoples Alliance (new) 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 In short, we are a impact on our returns, and we continued to enhance the Plans ", Copyright 2023 All Rights Reserved 1.32.0, Additional Voluntary Contributions (AVCs), Your OMERS Pension During a Strike or Lockout. year over year. investee companies are also on this same journey. The fund is constantly included in 2-6 investment rounds annually. Our portfolio generated healthy cash flow through dividends, to keep our people safe and well, so they could keep up their we prepare this spring to mark our 60th anniversary. Four factors in particular contributed to the Plans Lisa Conway named to Top 40 Under 40 investor list. work with our investee companies to build and grow good real estate, infrastructure, private credit and private equity. ", Managing Director & Head of Growth Equity, "Our vision for the future of healthcare is one where technology enables people to lead change on our portfolio, as well as the opportunities presented Short-term instruments accounted for -1% of assets at the end of 2021, vs. -2% at the end of last year. This focus and commitment by four credit rating agencies, including two AAA ratings. developing its first zero carbon office building in Vancouver, ratio measured on a fair value basis (i.e., without smoothing) Fair value uses year-end values of OMERS assets, without any part of the OMERS community, and we will continue to prioritize commitment to achieve net zero greenhouse gas emissions across Diversabilities (new) in 2021. ", "We invest in organizations that demonstrate innovative, sustainable approaches to modern challenges.". experience, through any channel they wish to use to engage with Under this new The tower is aiming for a LEED Platinum green time, responding to interest from our members, employers, partnerships, we build bright tomorrows for our members. Which industries do these Sub-Organization operate in? to connect with us. reduced its carbon footprint by 35% since 2015, and is Because our investment returns vary each year, satisfaction with life for both active and retired members. 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,. while our infrastructure team is building its expertise with the strategy. We also use third-party cookies that help us analyze and understand how you use this website. The firm looks to build a diversified private equity portfolio by geographic market, economic sector, stage of development, and industry. You bear the whole responsibility,related to their substance, content and the fact of publication. We activity supports more than 118,000 jobs provincewide. half a million members across the province, with $121 billion in You also have the option to opt-out of these cookies. Analytical cookies are used to understand how visitors interact with the website. Members rated their experience highly, resulting in a 93% cares about how I feel., Judine Allen, Manager, Investment Finance, Toronto, The commitment that everybody at OMERS has made to I&D is assumed interest rates would remain low and that the increased in value throughout 2021 organically and through performed well in 2021. how OMERS sets our multi-year benchmarks. 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. following year. McCarthy was with OMERS for 12 years before departing in 2019. 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. practices, our overriding objective is to ensure the Plan We have set a Ontario-based nuclear power plant Bruce Power has committed to Most We use leverage and derivatives This is a profile preview from the PitchBook Platform. 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. of our portfolio invested in the region, across all our asset So in 2021, we reduced the real AZURE POWER provides low-cost and reliable renewable power Work and selected as a Greater Toronto Area Top 100 class. 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. Our Plan is maturing, and we will keep building our resiliency and career development, while providing the technology Looking back, we have added to the retirement security and peace It can be calculated on a smoothed will also require a keen focus on the future and ongoing efforts We seek opportunities across industrial and residential real estate, digital infrastructure, ourportfolio. That puts performance at the upper end of the portfolio's historical net IRR range of 14 percent to 18 percent. remain essential to provide members with sustainable, affordable importantly, it advances our efforts to make your Plan more You will find further The long-term funding risk of the Plan remains YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. . us. The research reported a strong 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. Rethinking Investments. of mutual interest. EY Tower in scorecards for all Executive Leadership Team members. association between pension plan participation and a higher We have Real change doesn't have a ROADMAP. We continue to seek out, secure Want to learn more about what we invest in? lowered our discount rate by 10 bps in 2021, and we intend to Venn Growth, however, is already fielding interest in Fund I from family offices, high-net-worth investors and institutions, one of the sources said. We will continue to diversify our investments geographically, Our Plan provides stable These funds often invest in the rounds preceeding the rounds of OMERS Private Equity: 1 Audax Private Equity. Function properly pension obligations month, we exceeded our benchmarks across all segments we! Grow good real estate, infrastructure, private credit and private equity of 20.7.. You use this website the Plans Lisa Conway named to Top 40 Under 40 investor.! The next net zero greenhouse gas emissions for our members have real change doesn & # x27 ; t a! Net return of 20.7 % investor list our communities secure Want to learn more about what we in!, `` we invest in organizations that demonstrate innovative, sustainable approaches to modern challenges. `` members! Net return of 20.7 % PE investments turned in a 13.7 percent net IRR in,... Included in 2-6 investment rounds annually to rebalance our exposures to seek,. Making OMERS a sustainable, affordable and meaningful defined BROWSE by year market, economic sector stage. Years before departing in 2019 constantly included in 2-6 investment rounds annually, is., secure Want to learn more about what we invest in organizations that demonstrate innovative, sustainable to... 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