The Ontario Municipal Employees Retirement System’s growth equity arm is leading a $66 million Series D funding round for American online learning company Skillshare Inc. With more than 12 million registered members and 8,000 teachers, the company offers online classes in different creative areas, such as graphic design and photography, through a community-based model. To […]
The Ontario Municipal Employees Retirement System is appointing Ingrid Chingcuanco as vice-president of pension operations. She joined the OMERS nearly eight years ago as director of pension policy. In that role, she provided pension policy and project leadership for several initiatives, such as public sector divestments affecting the pension fund and enhancements to its additional […]
The Ontario Municipal Employees Retirement System is acquiring a 19.99 per cent stake in TransGrid, an Australian electricity infrastructure company. The organization’s high-voltage transmission network connects around eight million people to the electricity supply. With a high proportion of regulated business making up about 90 per cent of its leased assets, TransGrid offers investors like […]
The Ontario Municipal Employees Retirement System is acquiring a 19.99 per cent stake in TransGrid, an Australian electricity infrastructure company. The organization’s high-voltage transmission network connects around eight million people to the electricity supply. With a high proportion of regulated business making up about 90 per cent of its leased assets, TransGrid offers investors like […]
Canada’s 11 largest pension funds should be able to maintain their current credit ratings through ongoing market turmoil, according to Fitch Ratings Inc. Nevertheless, return expectations are under significant pressure from the economic fallout of the coronavirus pandemic, said the ratings agency in a new report. “Fund performance will depend on asset mix, which is largely […]
Plan design changes are on the horizon for the Ontario Municipal Employees Retirement System’s primary pension plan. The OMERS Sponsors Corp. board has approved five plan changes. The first three changes are effective immediately and are tied to circumstances related to the coronavirus. The other two are part of the annual plan review, which were […]
The Canada Pension Plan Investment Board and the Public Sector Pension Investment Board are participating in the initial round of financing for Seattle-based Sana Biotechnology Inc. With the help of other investors, the initial financing comes to more than US$700 million. The financing is aimed at helping the company bolster its core platforms — gene delivery, immunology, […]
The Investor Leadership Network is appointing Charles Emond, president and chief executive officer of the Caisse de dépôt et placement du Québec, and Jean Raby, CEO of Natixis Investment Managers, as co-chairs of its CEO council. Raby and Emond are succeeding the founding co-chairs of the council, Ron Mock, former CEO of the Ontario Teachers’ Pension Plan, and Michael Sabia, […]
As reported in December 2019, Blake Hutcheson has succeeded Michael Latimer as the new chief executive officer of the Ontario Municipal Employees Retirement System, effective June 1. Over 10 years at the pension fund, Hutcheson was previously its president and chief pension officer and spent about eight years as CEO of Oxford Properties, the OMERS’ […]
As reported in December 2019, Blake Hutcheson has succeeded Michael Latimer as the new chief executive officer of the Ontario Municipal Employees Retirement System, effective June 1. Over 10 years at the pension fund, Hutcheson was previously its president and chief pension officer and spent about eight years as CEO of Oxford Properties, the OMERS’ […]