OMERS Ventures, the venture capital arm of the Ontario Municipal Employees Retirement System, is expanding into the U.S. with an office in Silicon Valley, California.

The firm is hiring Michael Yang, an experienced venture capital investor who’s especially familiar with investing in startup e-commerce and emerging technologies.

“We are thrilled to expand our physical footprint with dedicated resources to deploy additional capital to startups in the U.S.,” said Damien Steel, managing partner and head of ventures at OMERS Ventures, in a news release. “And we couldn’t ask for a better partner than Michael to lead this expansion of the OMERS Ventures portfolio and brand.”

Read: OMERS invests in Australian offices, PSP sells animal tech company

Michelle Killoran, principal at OMERS Ventures, will be relocating from Toronto to the new office in the Bay Area of San Francisco.

“OMERS has such a compelling value proposition for startups looking for a strategic partner, with access to patient yet agile venture capital, a strong entrepreneurial network, steadfast resources to support scale and growth and visibility into technology themes and opportunities spanning both private and public assets,” said Yang. “Michelle and I look forward to building a Bay Area presence.”

Read: City of York pension plan first of group to join OMERS plan

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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