The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 50 per cent stake in the BridgeTex Pipeline Co. for $1.438 billion. With the purchase, OMERS will be the largest shareholder of the company, which owns the BridgeTex pipeline and transports crude oil from Colorado City, Texas to refineries in Houston. “OMERS’ investment in BridgeTex is consistent with […]
Several major Canadian public pensions are investing in Puget Holdings [no LLC], the parent company of Puget Sound Energy Inc., a regulated utility company in Washington state. The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 23.9 per cent stake, while the Alberta Investment Management Corp. is raising its previously held stake by six per cent to […]
The Ontario Teachers’ Pension Plan is providing a $200 million round of financing to Stem Inc. to finance its acquisition of artificial intelligence-driven energy storage projects in Ontario. The pension fund took part in the company’s first round of Series D financing in January 2018. Within the next 12 months, Stem plans to use the funds to expand its […]
Plan makes $1 billion co-investment in a British residential company.
The Ontario Municipal Employees Retirement System’s real estate arm is entering into a $1 billion co-investment in a British residential company. Oxford Properties Group, along with real estate investment firm Delancey and its client fund DV4 Ltd., are investing in Get Living, which is looking to build on its current assets of residential properties in […]
The Ontario Municipal Employees Retirement System is set to become the lead investor in Tennessee-based Premise Health Holding Corp. The company, which provides on-site, community and virtual health-care services for employers, aims to help mitigate the rising costs of health care to organizations. “Over the last four years, we have significantly expanded and evolved our model to […]
The Ontario Public Service Employees Union is adding its voice to the concerns about possible pension plan changes by the Ontario Municipal Employees Retirement System. “The OMERS pension plan is in good shape financially and will ensure a dignified retirement for the hundreds of thousands of Ontarians who’ve paid into it throughout their working careers,” […]
However, CUPE has reservations about suggested changes.
As part of a comprehensive plan review, the Ontario Municipal Employees Retirement System is looking at a number of changes, including to indexing provisions. While a plan executive is offering a more nuanced version of the issue, the Canadian Union of Public Employees union is sounding the alarm about possible changes. Read: Boosted by public equities, […]
The infrastructure arm of the Ontario Municipal Employees Retirement System has entered an agreement to sell its stake in Airports Worldwide Inc., a portfolio of airport assets and management contracts. “OMERS first invested in AWW in 2009,” said Ralph Berg, executive vice-president and global head of infrastructure for OMERS Private Markets, in a press release. “We […]