OMERS infrastructure arm undergoes name change
The Ontario Municipal Employees Retirement System’s infrastructure investment manager has changed its name to be better aligned with the pension fund.
Borealis Infrastructure, which manages assets with enterprise values in excess of $2 billion, is now called OMERS Infrastructure Management Inc.
“The name OMERS Infrastructure helps the global marketplace recognize our direct connection to the more than 470,000 members of OMERS, on behalf of whom we manage a portfolio of investment assets,” said Michael Rolland, chief investment officer at OMERS Private Markets, in a news release.
The name change also allows the pension fund to extend its global reach, added Rolland.
“A key part of OMERS’ investment strategy is owning and managing some of the highest-quality assets in the world. OMERS’ steady growth over the years, to more than $85 billion in total assets under management, reflects in large part the quality of relationships we continue to build with the global investment community,” he said.
Borealis has been managing infrastructure investments for the pension fund since 1999 and is one of the the largest direct investors in the world. And while the company changed its name, its investment approach and strategy will remain the same, noted Rolland.
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