OPTrust Opens Sydney Office, Targets Private Equity and Infrastructure
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.
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