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OPTrust Opens Sydney Office, Targets Private Equity and Infrastructure

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OPSEU Pension Trust, more commonly known as OPTrust, opened up a Sydney office. The Toronto-based pension institutional investor has C$ 14.7 billion in assets under management.

Their private markets program was launched in 2006, and OPTrust has 30% of assets marked to be allocated toward private equity and infrastructure. In 2012, OPTrust’s infrastructure investments returned 23.7%, smashing their infrastructure benchmark return of 5.7%. OPTrust is keen on honing in on infrastructure and private equity investments in Asia and Australia. OPTrust already has investment exposure in Australia. They have invested in Renex Group, a Victorian-based soil treatment facility – alongside Macquarie Bank and Cleantech Ventures.

Investment Allocation – Private Markets

  • 40% North America
  • 40% Europe
  • 20% Developed Asia and Emerging Markets

Source: OPTrust Website – Dated: October 6, 2013

In 2012, OPTrust’s infrastructure investments returned 23.7%, smashing their infrastructure benchmark return of 5.7%.

Boots on the Ground
Increasingly, both asset managers and Canadian public investors are opening up operations in Australia – to engage in more complex investments in Australia, New Zealand and Asia. In fact, Borealis Infrastructure, OMERS’ infrastructure subsidiary, opened up an office in Sydney in August 2013. Asset managers like Blackrock, Morgan Stanley and Goldman Sachs have also invested immense company resources in Australia.

Two London employees from OPTrust, Managing Director Stan Kolenc and Portfolio Manager Morgan McCormick, will be relocating to Sydney.

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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Mumtalakat Contemplates Investing in SoftBank Vision Fund

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Bahrain-based Mumtalakat Holdings is interested in joining a chorus of sovereign funds committing capital to Japan-based SoftBank Group’s Vision Fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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