OMERS Infrastructure has reached its fundraising target for two of its largest-ever co-investment processes as part of its Strategic Partnership Program (SPP).
The co-investment processes involved two OMERS Infrastructure portfolio companies: Waveconn, a specialist developer, operator and investor in telecommunications infrastructure in Australia; and Direct ChassisLink Inc., one of the largest chassis providers in the United States. The Waveconn and DCLI processes include commitments from a number of new and existing strategic partners. Both processes reached final close in the second quarter 2023 and grew invested capital in the global third-party capital platform by C$525 million ($391 million) to more than C$6.6 billion ($5 billion).
Although specific details about the strategic partners were not disclosed, Irini Kalamakis, senior managing director and global head of strategic partnerships at OMERS Infrastructure, said, “Our strategic partners are a select group of global like-minded institutions whose investment objectives align with OMERS, and who seek to access the OMERS Infrastructure platform to selectively expand their portfolios.”
She added: “We are delighted they have entrusted us to manage their investments in each of these world-class portfolio companies.”
In its 10-year history of managing third-party capital, OMERS Infrastructure has now partnered with a total of 18 strategic co-investors on 13 investments.