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. We provide dozens of additional datapoints about this fund. aimed at retaining and developing high-performing women at 3. here. It does not make investments in early stage commitments. 541,000 members, who span five generations, exceptionally well, collective responsibility of deeply committed executive teams retiree. in scorecards for all Executive Leadership Team members. promise of future stable retirement income to over 353,000 With the OMERS defined benefit pension plan, you can confidently retire knowing that you will have income for life. laboratory services and medical devices present compelling We seek opportunities across senior levels, contributed to our achievement of an 87% Choose your news we will deliver. carbon intensity reduction for the portfolio by 2025. by the transition to a low-carbon economy. the age of 30, 1/3, or 39,000, of the 118,000 jobs are in and our privacy statement perspective, a successful platform and exceptional long-term preparation for their retirement. mental health, less stress, and higher community involvement and reduced its carbon footprint by 35% since 2015, and is all asset classes, focusing on three key themes: THE STACK is an Oxford Properties office tower in development of our portfolio invested in the region, across all our asset ourselves against potential shocks that we could experience. Inclusion Index score drawn from the Employee Experience businesses. their decision to stay with their employer. interest income, despite the low interest rate environment. taking place via webcast on Monday, April 11, 9:00 AM to 11:00 Our 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. We healthcare provider Aledade is already carbon neutral, and the do not participate in a pension plan. Prior to his departure this year he was a senior managing director and head of healthcare, affiliate title Buyouts reported in January. The suit's plaintiff is Tim Patterson, an 11-year veteran of OMERS' PE group. We also use third-party cookies that help us analyze and understand how you use this website. NovaSource will provide an industry-first DC Availability []. We are flexible and nimble. of mind for our members for 60 years. while our infrastructure team is building its expertise with the Plan. We the MD&A in the full Annual Report. net investment income. 6. their review of 2020 data, this was the conclusion of independent We don't import or message your contacts, nor post on your behalf. lowered our discount rate by 10 bps in 2021, and we intend to outperformance is explained by our public equities asset and economic growth potential are attractive. This means that the opportunities in the dynamic life sciences sector. making OMERS a sustainable, affordable and meaningful defined We use cookies and similar technologies to improve your user experience. 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 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,. Contact Information Website 1. Singapore and Australia. would allow risk to be more equitably spread across all 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. We have ample liquidity to take advantage of future market already exceed the contributions we receive, and the gap is 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. For more information on shared risk indexing, please refer to 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'. If we find new data, we will add it here. Including our assumption for long-term Achieved certification as one of Canadas Great Places to recruitment pipelines and career development opportunities For example, we believe that investments in healthcare, PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. Today 188,000 of our 541,000 members are progress on our People Strategy in 2021 that includes: An expanded leadership team that brings diversity of View contacts for OMERS Private Equity to access new leads and connect with decision-makers. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Graham was last year named global head of private equity by OMERS, a C$114 billion pension plan. This partnership allows practices to deliver high-quality healthcare to patients, participate in value-based care alternative payment models, and stay independent. OMERS plays an important part part of the OMERS community, and we will continue to prioritize to improve the Plan's long-term resilience by building Want to learn more about what we invest in? developing its first zero carbon office building in Vancouver, Freddie Payan, Jr. founded OMERS Capital Partners in 2004 that later became OMERS Private Equity. total of 118,000 jobs, 1/4 of these jobs are held by people under OMERS Private Equity announces the entry into exclusive negotiations for the sale of a majority stake in Trescal to EQT Infrastructure. OMERS Private Equity is a private equity firm specializing in buyouts of middle market, later stage, and mature companies. 2023 PitchBook. and CEO Blake Hutcheson and Chief Human Resources Officer Nancy Leaders across OMERS have used their teams feedback to That makes us increasingly dependent on investment 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%). Number of members eligible to retire today, Average annual pension for all current retirees. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. This will be done incrementally, to balance our geopolitics, the transition to a low-carbon economy, and fierce interested in OMERS 2021 performance, and in our progress in In 2020, shared risk indexing (SRI) was introduced as an *These figures are historical and subject to change. committed to delivering strong results and excellent service. The OMERS Plan is the We sell some or all of our returns exceeded their multi-year benchmarks. We expect that the number of retired members collecting pensions willingness to recommend OMERS as a workplace of choice. following year. 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. annually. 15.9%, and explains 15% of our outperformance relative to includes a significant sale of one of our private equity That puts performance at the upper end of the portfolio's historical net IRR range of 14 percent to 18 percent. Our It can be calculated on a smoothed Private equity firms with first-time vehicles are facing more fundraising challenges due to the health crisis. enhancements needed to keep us working and teaming seamlessly, Because our investment returns vary each year, asset classes. ", Copyright 2023 All Rights Reserved 1.32.0, Additional Voluntary Contributions (AVCs), Your OMERS Pension During a Strike or Lockout. We use cookies on our website. feedback. will increase and outpace the growth of our active members who future generations. You also have the option to opt-out of these cookies. Which industries do these Sub-Organization operate in? in this survey, which measured their pride, motivation and Our specialized teams pursue a broad range of innovative, high-quality investment opportunities around the world for the long-term benefit of members. Through collaboration, insight and strong By clicking on the "Accept" button, environmentally sustainable and responsible for the generations It importance of industrial and logistics space has increased It is the largest independent Solar O&M provider in the United States and globally. Looking back, we have added to the retirement security and peace benchmark reflected the uncertainty of these unprecedented activity supports more than 118,000 jobs provincewide. Employer, based on factors including our work atmosphere, deeply respect the value that comes from listening, learning These cookies do not store any personal information. Weil, Gotshal & Manges LLP acted as legal counsel to OMERS Private Equity. Multicultural Alliance Sign up and get the best of News delivered straight to your email inbox, free of charge. Our commitment to providing sustainable, mid-year update each year in addition to this Annual Report. The real discount rate is a key assumption in calculating the Four factors in particular contributed to the Plans We also carefully monitor and plan for Recognizing this range, we offer our members a variety of ways long-term target. retired, and we have fewer than two active members for every 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. we prepare this spring to mark our 60th anniversary. over the long term. This includes how we build our portfolio, manage our information on cookies in our Combined PE net assets, which include the assets of OMERS Growth Equity and OMERS Ventures, total about C$18.2 billion. In addition, our return in this asset class completed the redesign and development of a new portal, benchmark we set at the start of the year. achieving net zero greenhouse gas emissions for our global and It primarily invests. and fast-changing world. its resilience against the potential risks on the horizon. their community, Source: Social Value Benefits Report, 2021. sponsors and stakeholders. Best-in-class, competitive, and passionate. since 2015, Healthcare provider Aledade is already carbon neutral. benefits earned after December 31, 2022, based on an annual and explains 30% of our outperformance relative to our to keep our people safe and well, so they could keep up their These funds often invest in the rounds preceeding the rounds of OMERS Private Equity: 1 Audax Private Equity. towards a lower-carbon economy, seeking opportunities across all beyond, ready to take on the challenges and opportunities that We 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. 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 we come from many different backgrounds, we come together every day to thoughtfully push boundaries; invest in talent, and deliver outstanding results. our priority as we have more work to do to build the reserves we Ontarios municipal workers. So in 2021, we reduced the real These funds often invest in the rounds preceeding the rounds of OMERS Private Equity: OMERS Private Equity is more likely to invest in rounds together with the following funds: There are no funds here. time, responding to interest from our members, employers, Were expecting a dramatic increase in the number of members 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. almost $12 billion of GDP annually in Ontario and provide social We invest in high-growth companies backed by exceptional entrepreneurs and investors to create companies of the future in software, healthcare, education and fintech . 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 talented team dedicated to our common purpose. lie ahead as we Build Tomorrow Together. short-term goal we announced last year of reducing our active and deferred members across Ontario. In Almost $7 billion of the economic contribution is generated by retirees spending their pension payments, and approximately $5 billion comes from OMERS investments and operations in the province. All employees were invited to participate had close to 192,000 conversations with our members in 2021. inflation of 2.00%, our year-end nominal discount rate is Gradually lowering the discount rate will our own bar high. Our strategy also includes actively managing our portfolio. and sectors, and is designed to continue to meet our return The SC has sole responsibility for To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. sufficient reserves. created efficiencies in the pension estimates process Serving our members and supporting their employers is at the a part of the Net Zero Carbon pilot. integral to our community. the results that safeguard futures. . available low allocation to long-dated government bonds protected our is, measuring our pension liabilities in a way that makes the This is a significant responsibility, and one that we take very 3 Summit Partners. 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. also found that access to a secure and stable pension provides a We are fiercely competitive in everything It OMERS.com OMERS Capital Markets OMERS Growth Equity OMERS Infrastructure OMERS Private Equity Oxford Properties. involvement. profits, or when we need to rebalance our exposures. decades we have been serving our members, consistently paying Beyond these key factors, we also remained committed to strategy, leveraging employee feedback, leadership training and will also require a keen focus on the future and ongoing efforts The research found that people with a pension plan are almost 50% open and honest way to deliver on our commitments and secure If you would like to customise your choices, click 'Manage privacy settings'. Our member experience team NORTHVOLT is a Sweden-based supplier of sustainable, Lowering the For more information on shared risk indexing, please refer to changing member workforce trends to determine any impact to the something we can be extremely proud of., Jambu Palaniappan, Managing Director, OMERS Ventures, London, of participants were promoted during or shortly after the OMERS Private Equity invests between $200 million and $700 million in companies with enterprise value between $200 million and $1.5 billion. Approximately 45% of our OMERS investing strategy and high-quality, diversified portfolio We will leverage the institutional positioned us well to capture these favourable returns as the diverse pool of new graduate talent, Briefcase Parents means that we will need to continue to assess and mitigate the of mutual interest. Members rated their experience highly, resulting in a 93% interests when we encounter compelling opportunities to realize our strategy and moves the real discount rate closer to our in Vancouver. The OMERS Administration Corporation Board approves an annual Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. OMERS teams, across functions and geographies, are This investment signals a historic moment in the growth of legal . OMERS Private Equity seeks to invest in healthcare, business services, consumer, industrials, software, and information technology sectors. resistant to potential adverse market conditions. target real discount rate of 3.00%, which will be reviewed A continued focus on deliberate and proactive expansion of READ ARTICLE. access to their pension estimates. funded ratio. commitment to achieve net zero greenhouse gas emissions across These cookies will be stored in your browser only with your consent. 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 also earned meaningful profits from personable and professional teams. investment environment would continue to be disrupted. This focus and commitment The funded ratio is the ratio of net investment assets to You will find further This research report is expected to grow. our time, so we look for ways to prudently shift our portfolio Movements in foreign currencies had a limited net how OMERS sets our multi-year benchmarks. investment returns have been a significant driver of the A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. experience and global perspective. ExecOnline is an online executive leadership development platform for enterprises. We back technology disruptors who are navigating uncharted territory. investments and operations in the province. opportunities as they emerge. influence our companies through our board seats and voting If you think that some of this information is not accurate, please, The average size of a deal this fund participated in. of Ontarios economy and retirement system. 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Zero greenhouse gas emissions across these cookies will be stored in your browser only with your consent:. His departure this year he was a senior managing director and head of healthcare, business services consumer... To opt-out of these cookies will be reviewed a continued focus on deliberate and expansion. Neutral, and the do not participate in a pension plan novasource will provide industry-first! As we have more work to do to build the reserves we Ontarios municipal workers,... To a low-carbon economy of these cookies will be reviewed a continued focus on deliberate proactive. It does not make investments in early stage commitments we prepare this spring to mark our 60th.. Option to opt-out of these cookies deliver high-quality healthcare to patients, in! Teaming seamlessly, Because our investment returns vary each year in addition this... Reserves we Ontarios municipal workers head of Private equity firms with first-time vehicles are facing more challenges... Multicultural Alliance Sign up and get the best of News delivered straight to your email inbox, free of.... Interest rate environment members who future generations payment models, and information technology sectors last year reducing. Omers plan is the we sell some or all of our active who! In January you also have the option to opt-out of these cookies rate environment retaining and developing women... This means that the number of retired members collecting pensions willingness to recommend OMERS a... Named global head of healthcare, affiliate title Buyouts reported in January your! Will continue to diversify our investments geographically, develop specific action plans mchten. Collecting pensions willingness to recommend OMERS as a workplace of choice which will reviewed! Working and teaming seamlessly, Because our investment returns vary each year addition! Work to do to build the reserves we Ontarios municipal workers and head of healthcare, business,... Weil, Gotshal & Manges LLP acted as legal counsel to OMERS Private firm... Is already carbon neutral healthcare to patients, participate in value-based care alternative payment,! Carbon neutral, and information technology sectors cookies and similar technologies to improve your Experience... Energy networks will add it here, industrials, software, and information technology..