OMERS Growth Equity

What OMERS Growth Equity does

OMERS Private Equity is the captive direct private equity arm of OMERS (Ontario Municipal Employees Retirement System), one of Canada's largest defined benefit pension plans, serving approximately 640,000 active, deferred and retired municipal employees across Ontario. The firm has invested in private equity on behalf of the pension plan since 1987 and currently manages approximately C$27.5 billion in assets under management within the parent plan's C$145.2 billion of net assets (as at December 31, 2025). It operates from offices in Toronto (headquarters), New York, and London, with global coverage spanning North America, Europe, Asia-Pacific, the Middle East, and Latin America.

The firm's core product is private equity investment management delivered through two coordinated strategy groups: Buyout (controlling investments in mid-sized businesses, led by Eric Haley) and Private Capital (Ventures, Growth, Green Tech, Life Sciences, and international private equity, led by Michael Block). It invests across four core verticals — Business Services, Healthcare, Industrials, and Software & Technology — through direct equity, partnerships with management teams, and fund investments. Portfolio companies visible on its site span healthcare platforms (CBI Health, Gastro Health, Forefront Dermatology, Premise Health, Aledade, Innovaccer, Evidation Health, Carrum Health), industrial and business services platforms (KAG, Knight Commercial, Inmar, Epiq, North Highland, Medical Knowledge Group, Modigent, International Schools Partnership), and software/data assets (Precisely, Novasource Power Services, Trescal, TurnPoint). The firm supplements capital with in-house Operations & Strategy teams staffed by former Bain, McKinsey, BCG, Alvarez & Marsal, and operating-company executives who support due diligence and value-creation execution.

Revenue mechanics are atypical: as a wholly-owned captive, OMERS Private Equity does not raise third-party capital and does not earn conventional management or performance fees from external LPs. It deploys the pension plan's permanent, evergreen capital — generating investment returns reported on the parent plan's 10-year average net return of 9.2% through end-2024. The customer base is twofold: portfolio-company management teams seeking patient capital and operational partnership, and the OMERS pension plan itself, whose members are the ultimate beneficiaries of investment performance.

Name

OMERS Growth Equity

Legal name

OMERS Private Equity Inc.

Website

https://omersprivateequity.com

Company type

Private

Founded year

1962

Operating status

Operating

Headcount range

101–250 employees

Short description

OMERS Private Equity is the captive private equity arm of the OMERS Canadian pension plan, managing approximately C$27.5 billion across Buyout and Private Capital strategies in Business Services, Healthcare, Industrials, and Software & Technology for Ontario municipal employees.

Ownership category

akta.pro rank

Product category

Private Equity Investment Management

NAICS

All Other Financial Investment Activities (52399), Other Financial Investment Activities (5239)

SIC

Investors, Nec (6799)

akta.pro primary industry

Multi-Sector / Generalist Growth Equity (FSANACAO)

akta.pro secondary industries

Healthcare & Life Sciences Growth Equity (FSANACAB), Industrials & Manufacturing Growth Equity (FSANACAF)

Keywords

• Private equity investing
• Growth equity investments
• Pension fund management
• Buyout investment management
• Venture capital investing

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Private Equity Investment Returns: Generates returns for OMERS pension plan through private equity investments. As a captive private equity firm, key stakeholders are the employees and members of OMERS, on whose behalf OPE manages private equity assets.

Go-to-market motion2 records

Marketing channels4 records

Core offering

OMERS Growth Equity is the private equity investment arm of OMERS (Ontario Municipal Employees Retirement System) that deploys the pension plan's permanent capital into direct investments in leading early-stage and mid-sized businesses. The firm operates two primary strategies — Buyout (controlling investments in mid-sized businesses) and Private Capital (Ventures, Growth, Green Tech, Life Sciences, and international investments) — across four core verticals: Business Services, Healthcare, Industrials, and Software & Technology, partnering with management teams to transform good companies into industry leaders.

Product overview

OMERS Growth Equity (operating as OMERS Private Equity) is a captive private equity firm that manages investments globally on behalf of OMERS, one of Canada's largest defined benefit pension plans. The firm does not offer a unified software product or platform; instead, it provides private equity investment management services across two primary strategies: Buyout and Private Capital. The Buyout strategy focuses on controlling investments in mid-sized businesses, while Private Capital covers Ventures, Growth, Green Tech, Life Sciences, and international investments. The firm invests across four core verticals: Business Services, Healthcare, Industrials, and Software & Technology, deploying an evergreen capital base to partner with strong management teams and transform good companies into industry leaders.

Differentiator

Problem solved

Functional benefit

Products and services

• OMERS Private Equity Investment Management Private equity investment management services managing approximately C$27.5 billion in assets across Buyout and Private Capital strategies, investing in Business Services, Healthcare, Industrials, and Software & Technology sectors globally on behalf of the OMERS pension plan.
• Buyout Investment Strategy Buyout strategy focused on controlling investments in mid-sized businesses, partnering with management teams to drive value creation through organic growth and acquisitions in core verticals.
• Private Capital Investment Strategy Private Capital group covering Ventures, Growth, Green Tech, Life Sciences, and international (European and Asia-Pacific) private equity investments, including development and execution of the global funds strategy.

Quantifiable outcome

• 10-year average net return of 9.2% through end of 2024
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators9 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• CPP Investments: Captive private equity arm of the Canada Pension Plan. Direct comparable as a Canadian pension-backed PE investor with similar scale (multi-hundred-billion AUM), permanent capital structure, and global direct-investing strategy.
• CDPQ (Caisse de dépôt et placement du Québec): Québec's pension fund manager with a large private equity and growth equity platform. Comparable as a Canadian pension-led, evergreen-capital investor deploying across healthcare, technology, and industrials globally.
• Warburg Pincus: Global growth equity investor with strong healthcare, technology, and business services franchises. Directly comparable in stage focus (growth-to-mid-buyout), sector mix, and global NA/Europe footprint. Recently acquired Network Plus from OMERS, evidencing direct competitive overlap.
• BCI (British Columbia Investment Management Corporation): Invests pensions for British Columbia public sector. Operates a similar captive PE/growth equity program with global direct investments and patient-capital structure analogous to OMERS PE.
• AIMCo (Alberta Investment Management Corporation): Alberta's pension investment manager with a sizeable PE platform. Comparable as a Canadian captive institutional investor with global direct private equity exposure.
• PSP Investments: Investment manager for Canada's Public Sector Pension Plans. Operates a similar captive, evergreen PE model with global direct investments across multiple sectors and comparable Canadian institutional backing.
• Ontario Teachers' Pension Plan (Teachers' Venture Growth): Directly comparable Canadian pension plan with substantial global PE and Growth Equity operations. Same captive permanent-capital model and similar multi-sector direct investing approach as OMERS PE.

Broad incumbents

• KKR Private Equity: Large global PE incumbent investing across healthcare, technology, industrials, and business services—the same verticals OMERS targets. Comparable as a competitor for mid-sized buyouts and growth-stage deals in NA and Europe.
• Bain Capital Private Equity: Major global PE firm with healthcare, technology, and industrials franchises that directly overlap with OMERS' four verticals. Comparable in sector focus and ability to compete for the same mid-sized buyout and growth equity opportunities.
• Manulife Investment Management Private Equity: Broader financial-services investment manager with substantial private equity and growth-equity capabilities. Comparable as a North American institutional PE investor with global mandate, though operating within a wider product set.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/omers-private-equity
• Xx.com/omersgrowth
• Facebookfacebook.com/OMERSVentures

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments27 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OMERS Growth Equity