OMERS has secured an additional C$525m (€356m) via its Strategic Partnership Program (SPP), which allows third-party investors to co-invest alongside the Canadian pension fund.
The capital raised will be invested in OMERS Infrastructure portfolio companies Waveconn, an Australian telecommunications infrastructure firm, and US chassis provider Direct ChassisLink.
OMERS Infrastructure, a subsidiary of the defined benefit pension plan for municipal employees in Ontario, retains a majority stake in both companies.
The additional co-investment capital, secured from various unnamed new and existing investors, has increased the size of SPP to more than C$6.6bn, comprising 18 strategic co-investors on 13 investments.
Last year, Irini Kalamakis, senior managing director and global head of strategic partnerships, was hired from IFM Investors to lead the third-party investor programme.
Kalamakis said: “Despite a challenging capital environment, we have successfully closed two of our largest ever co-investments – a true testament to the strength of our relationships with our strategic partners, the attractiveness of our platform and the caliber of talent that invests in and manages our assets.”
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