CANADA/US - Canadian pension fund the Ontario Municipal Employees Retirement System (OMERS) is opening a New York office to access key private market investments in the US.
The C$53bn ($53bn) fund will include a 30-member team specialising in real estate, infrastructure, private equity and capital markets.
OMERS has $10bn invested in the US, in both public and private markets. It also has holdings in U.S. public companies and private investments in Oncor (electricity transmission), US infrastructure and a joint venture with Related Properties for the 12 million square foot Hudson Yards redevelopment project.
The New York office is the second office opened by OMERS outside of Canada, following the launch of a UK office in London in 2008.
OMERS invests 47% of its assets in private market investments, such as private equity, infrastructure and real estate.
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