Meeting Summary 

Human Resources Committee – November 13, 2019

Private Equity Strategy Update

In 2019, under the leadership of the OMERS Chief Investment Officer, the Private Equity investment portfolio launched the Growth strategy to manage early stage investments with high growth potential.  As part of this change, Platform Investments was realigned by divesting and transferring certain assets to other business units.

Moving forward, all Private Equity employees will be compensated and governed under one Private Equity Compensation Plan.  Under the Private Equity Compensation Plan, investments in Core, Growth, and Ventures will have separate compensation pools designed to protect OMERS as a plan participant.

Following questions and discussion, the Human Resources Committee approved the amendment to the Private Equity Compensation Plan to include Growth participants, effective January 1, 2020.