Tuesday, 5 May 2015
Last updated 5 hours ago
Feb 12 2007 | 11:27am ET
The C$48 billion (US$41 billion) Ontario Municipal Retirement System is looking to increase its private equity exposure in Asia and is allocating over C$200 million (US$170 million) to the space, according to Paul Renaud, CEO of OMERS Capital Partners, the system’s p.e. arm.
Currently, the system has roughly 10% of it total assets dedicated to private equity and, “in our mind we will probably have somewhere in the mid- to high-single digits in Asia,” said Renaud.
The system, which invests in external fund managers as well as making direct p.e. investments, will seek to gain exposure to China, India, Japan and Australia through existing relationships with p.e. heavyweights such as Texas Pacific Group and Kolhberg Kravis Roberts, as well as through new relationships.
OMERS’ 2006 private equity returns, which are expected at the end of the month, are expected to be in the mid- to high-teens, according to Renaud.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…