Canadian pension giant OMERS is teaming up with the world’s largest pension fund, Japan’s Government Pension Investment Fund, and the Development Bank of Japan in a co-investment deal.<\/p>\n

The pension fund said Monday that its strategic investment arm, OMERS Strategic Investments (OSI), has entered into a co-investment agreement with Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, and the Development Bank of Japan (DBJ). The agreement sets out a framework under which GPIF and DBJ may participate in investment opportunities that are sourced and actively managed by OMERS.<\/p>\n

“We value this strategic relationship as we continue to build trusted partnerships and extend our reach to attract investment opportunities globally,” said Jacques Demers, president and CEO of OSI.<\/p>\n

Initially, the Japanese investors are pledging US$2.5 billion to the Global Strategic Investment Alliance (GSIA), which is a co-investment program developed by OMERS that utilizes the expertise of OMERS infrastructure investment arm, Borealis Infrastructure. This latest contribution brings the total capital committed to the GSIA to US$11.25 billion.<\/p>\n

“The participation in the GSIA by GPIF and DBJ, alongside our other GSIA members including the Pension Fund Association of Japan and a consortium led by Mitsubishi Corporation provides a strong endorsement of both OMERS strategy of developing third-party capital relationships with like-minded institutional investors as well as the investing strength of our infrastructure arm,” said George Cooke, chair of the board of directors of OMERS Administration Corporation.<\/p>\n

For 2013, OMERS reported a 6.5% return, with strong public equity and private market returns dampened by weakness in bonds and commodities. During the year, Borealis Infrastructure generated a 12.4% return, and OSI returned 9.1%, among its various private market investment entities.<\/p>\n","protected":false},"excerpt":{"rendered":"

Capital commitments to the global strategic investment alliance now total US$11.25 billion<\/p>\n","protected":false},"author":38954,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2318],"tags":[2601],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/317835"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/38954"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=317835"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/317835\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=317835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=317835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=317835"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=317835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}