OMERS has announced the opening of an office in New York City as the pension fund looks towards more U.S. private market investments.

The new office, to be located at 320 Park Avenue, will house a 30-member team of investment analysts specializing in real estate, infrastructure, private equity and capital markets.

OMERS has $10 billion invested in the U.S., in both public and private markets. As well as holdings in U.S. public companies, significant private investments include Oncor (electricity transmission), U.S. Infrastructure Corp. and a joint venture with Related Properties for the 12 million square foot Hudson Yards redevelopment project.

The New York office is the second office opened under the OMERS Worldwide banner outside of Canada, following the launch of a U.K. office in London in 2008.

Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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