Canada's OMERS to open Singapore office

This expansion is part of a multi-year strategy intended to help the pension fund identify more promising investment opportunities in emerging markets. As of year-end 2016, OMERS had C$87.9 billion ($68.7 billion) in net investment assets, with 40% in Canada, 37% in the US, 17% in Europe, and 6% in other parts of the world, including Asia.

“The opening of the Singapore office demonstrates the potential we see in the Asia-Pacific region, both from the perspective of making direct investments and from cultivating new investment partners. It is the logical next step in evolving our international footprint," said Michael Latimer, president and CEO of OMERS, in a statement.

The pension fund ended 2016 with a private equity portfolio of C$10.9 billion, of which C$8.6 billion was invested outside of Canada. Other private assets exposure comprised C$17.5 billion in infrastructure and C$25.6 billion in real estate.

OMERS opened its Sydney office to focus on infrastructure opportunities in the country. It has also established partnerships with Japanese LPs in this asset class, first creating a fund with a consortium of pension funds led by Mitsubishi Corporation and then forming an infrastructure partnership with the Government Pension Investment Fund and Development Bank of Japan.

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• Topics
• Southeast Asia
• North America
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• Singapore
• Ontario Municipal Employees Retirement Scheme
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