Key Takeaways
- • OMERS plans to raise its private equity fund commitments to more than $10bn, according to PEI Private Equity. - The increase follows the hire of Buzanis and reflects a more than fivefold growth in the resources devoted to the program. - OMERS is positioned to deploy plentiful capital into fund commitments while many LPs face liquidity constraints.
Summary
PEI Private Equity reports that OMERS intends to boost its private equity fund allocations to $10bn-plus following the hire of Buzanis. The article describes a more than fivefold growth in the resources available to the program. The article notes that this expansion places OMERS in a unique near-term position, with ample capital for fund commitments at a time when many limited partners are struggling with liquidity issues. The available coverage is limited to the headline and lede, so further details on the mandate, the role Buzanis will hold, and the timing of the allocation increase are not reported here.
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