OMERS has entered into a co-investment agreement with Japan’s Government Pension Investment Fund and the Development Bank of Japan.
The agreement sets out a framework under which Japan’s fund and bank may participate in a range of investment opportunities that are sourced and actively managed by OMERS.
“We value this strategic relationship [and] we continue to…extend our reach to attract investment opportunities globally,” says Jacques Demers, president and CEO of OMERS Strategic Investments.
The first direct outcome of the agreement is the participation of Japan’s fund and bank (at a capital commitment of USD$2.5 billion) in the Global Strategic Investment Alliance. This alliance is co-investment program developed by OMERS. The participation of Japan brings the total capital committed to the alliance to US$11.25 billion.