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OMERS Infrastructure Names Michael Ryder as Head of Americas

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The Ontario Municipal Employees’ Retirement System (OMERS) has appointed Michael Ryder to serve as senior managing director and head of the Americas at OMERS Infrastructure Management Inc. He replaces Sebastien Sherman (spent 14 years with OMERS Infrastructure – Borealis Infrastructure), who is now senior managing director at Blackstone Group’s infrastructure division in New York covering the utilities, renewable energy, and transportation sectors after more than 14 years at the C$ 85.2 billion (US$ 67.9 billion) pension fund.

Blackstone Switch

Prior to joining OMERS, Ryder spent three years at Blackstone Energy Partners L.P. – Blackstone’s energy-focused private equity arm – where he specialized in business development in the midstream and offshore drilling industries. Before Blackstone, Ryder spent 14 years at Morgan Stanley in a number of senior positions in its investment banking and private equity units leading investments in the energy, chemicals, and industrials sectors. He will lead OMERS’ infrastructure investments for the Americas from its satellite office in New York.

Fresh Start for OMERS Infrastructure

Formerly known as Borealis Infrastructure up until last summer, the newly-rebranded OMERS Infrastructure held C$ 14.7 billion (US$ 11.7 billion) worth of infrastructure assets concentrated in the North America and Europe that provided net returns of 11% in 2016, compared to its benchmark of 10%. OMERS Infrastructure is a division of the Canadian pension fund’s C$ 39 billion (US$ 31.1 billion) Private Markets group.

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Why Did Virtus Investment Partners Buy Sustainable Growth Advisers?

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On February 2, 2018, Virtus Investment Partners, Inc. revealed they acquired a 70% interest in Stamford, CT-based Sustainable Growth Advisers, LP, a high-conviction U.S. and global growth equity portfolio management company, from private equity firm Estancia Capital Management and a portion of equity held by the asset manager’s partners (including Sustainable Growth Advisers’ three co-founders). Scottsdale, Arizona-based Estancia Capital Management bought a minority interest in Sustainable Growth Advisers in August 2013 when it had US$ 5.3 billion in assets. Estancia Capital Management is noted for having a number of partners being from Lovell Minnick Partners LLC, a private equity firm specializing in asset management company buyouts.

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HKMA and TRS Participates in Investment in Kakao Mobility

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Private equity firm TPG led a group of investors to acquire a minority ownership stake in Kakao Mobility Corporation, a South Korean taxi hailing service provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Meraas Holding Names Former KIO Executive as CEO

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Osama Al-Ayoub, the former CEO and President of the Kuwait Investment Office (KIO), was hired by property firm Meraas Holding to be its chief executive officer. KIO is a London-based unit of the Kuwait Investment Authority (KIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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