OMERS Joins Canadian–Australian Pension Funds Investment Initiative

Demonstrating Commitment to Global Collaboration and Responsible Long-Term Investment

OMERS, one of Canada’s largest defined benefit pension plans, is proud to be a signatory to the Canadian–Australian Pension Funds Investment Initiative (CAP Invest Initiative), reflecting our commitment to collaboration and long-term investment in both countries.

The CAP Invest Initiative was launched Wednesday by leaders of some of the largest pension funds and aligned investment managers in Australia and Canada as part of Canadian Prime Minister Mark Carney’s trade mission to Australia.

The Memorandum of Understanding supports Canadian pension plans and their investment arms and Australian profit-to-member super funds sharing insights with governments on solutions that would unlock greater opportunities for pension capital investment on behalf of millions of working and retired people.

MoU signatories also commit to knowledge sharing and building awareness of investment models that leverage the expertise of long-term and reliable pension capital to deliver risk-adjusted returns for working and retired people, value for investee companies, and broader benefits for communities.

According to the Government of Canada, Canada and Australia have a robust trade relationship, with bilateral merchandise trade totalling $6.1 billion in 2024 and Canadian direct investment in Australia amounting to $58.8 billion that same year.

OMERS opened an office in Sydney in 2014 and has grown its investments in the country significantly. In 2024, OMERS celebrated 10 years of investment success in Australia.