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Canada’s OMERS joins forces with Japanese institutional investors

4 Mar 2014

Japanese flag poleThe Ontario Municipal Employees’ Retirement System (OMERS) has teamed up with Japan’s Government Pension Investment Fund (GPIF) and the Development Bank of Japan (DBJ) to make private capital investments.

GPIF and DBJ will contribute $2.5bn to the co-investment partnership, which will use the expertise of OMERS’ investment units including Borealis Infrastructure.

The Japanese institutions’ participation will bring the total commitments to OMERS’ investment programme Global Strategic Investment Alliance to $11.25bn.

President and CEO of OMERS Strategic Investments Jacques Demers said, “We are honoured and pleased to be partnering with GPIF and DBJ in the pursuit of high-quality investments under a jointly developed program which recognizes OMERS direct drive, active investment management expertise.

“We value this strategic relationship as we continue to build trusted partnerships and extend our reach to attract investment opportunities globally.”

OMERS released its results last month, which showed that its buyout investments hit 23.6 per cent last year, well up on the already decent 19.2 per cent from a year earlier.

OMERS Capital Markets returned 0.5 per cent, Borealis Infrastructure 12.4 per cent, Oxford Properties 14.3 per cent and OMERS Strategic Investments 9.1 per cent.

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