Omers to Stop Making Direct Private Equity Investments in Europe
- Pension to instead co-invest alongside partners, third parties
- Jonathan Mussellwhite, who led PE in Europe, left this month
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The Ontario Municipal Employees Retirement System will stop making direct private equity investments in Europe as the pension fund overhauls its operations there, according to people familiar with the matter.
Omers plans to shift its exposure in the region by investing alongside partners and third-party managers, said the people, who asked not to be identified discussing confidential information.