Ontario Pension Fund Launches Venture Capital Arm

Law360, New York (October 4, 2011, 5:03 PM EDT) -- The Ontario Municipal Employees Retirement System said Tuesday it was getting into the venture capital game with the launch of a funding arm to support Canadian entrepreneurs.

OMERS, a $50 billion pension fund, will support Canadian innovation by extending its direct-investment ethos to young companies. It had already allocated about $170 million for investment, OMERS Ventures CEO John Ruffolo said.

“At OMERS, we have a philosophical view of investing directly in promising companies and forging lasting partnerships,” Ruffolo said. “The venture capital arm allows us to...
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