News

OMERS Ventures launches US$750 million venture fund with mandate to invest globally

OMERS Ventures has launched a US$750 million fund, one of the largest ever in Canada. However, after months of negotiations it has not yet received the backing of any other institutional investors.

It is only the second private venture capital fund in Canadian history to launch with over a billion Canadian dollars, based on current exchange rates. However, the pension giant sought the participation of all investors who were part of the $300-million Fund III it closed in May 2017, including BMO, CIBC, National Bank, Sun Life, TD and the Wafra Group. None have yet committed to the new fund. OMERS was planning to announce its launch earlier this year but held off, first in the hopes of attracting other institutional capital, then due to COVID-19, according to multiple sources with knowledge of the situation.

    Subscribe now to start reading premium, award-winning journalism.

    By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

    In-depth, agenda-setting reporting

    Great journalism delivered straight to your inbox.

    Briefing

    Montreal’s RailVision Analytics raises US$4M in seed funding

    Government launches BDC legislative review

    Suncor to retain downstream assets in defiance of activist investor push

    Best business newsletter in Canada

    Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

    Exclusive events

    See the bigger picture with reporters and industry experts in subscriber-exclusive events.

    Membership in The Logic Council

    Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

    Canada's most influential executives and policymakers are reading The Logic

    • CPP Investments
    • Sun Life Financial
    • C100
    • Amazon
    • Telus
    • Mastercard
    • bdc
    • Shopify
    • Rogers
    • RBC
    • General Motors
    • MaRS
    • Government of Canada
    • Uber
    • Loblaw Companies Limited