Omers to Stop Making Direct Private Equity Investments in Europe

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.

Jonathan Mussellwhite, who led private equity in Europe since 2018, left Omers earlier this month, a spokesperson said in a statement Thursday. The pension fund said previously that Michael Graham, its global head of private equity, will retire in February. ...