OMERS To Sell Investment Portfolio To AXA Private Equity

Law360, Chicago (July 3, 2012, 3:07 PM EDT) -- The private equity arm of the Ontario Municipal Employees Retirement System has inked a deal to sell a portfolio of 11 private equity fund investments representing roughly $850 million in original commitments to AXA Private Equity, the Canadian pension fund said Tuesday.

The portfolio of buyout funds represents commitments in mostly North American and global funds, OMERS Private Equity Inc. said. The deal also includes related unfunded commitments, according to the pension fund.

OMERS Private Equity CEO Paul Renaud said Tuesday that the sale falls in...
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