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OMERS Growth Equity operates as a significant investment arm of OMERS, focusing on direct equity investments in high-growth technology and healthcare companies globally. It provides capital to businesses poised for substantial expansion, employing a long-term investment horizon to support their development and market leadership. The division primarily targets established companies seeking capital to scale operations, innovate products, or expand geographically, often becoming a strategic partner.
OMERS Growth Equity was formally established in 2019 as an extension of OMERS, one of Canada's largest defined benefit pension plans, which itself was founded in 1962. The creation of this dedicated growth equity unit arose from OMERS' strategic insight to diversify its investment portfolio and capture value from rapidly expanding private companies. This move allowed OMERS to directly engage with and foster innovation within the burgeoning technology and life sciences sectors, leveraging its extensive capital base.
The primary entities benefiting from OMERS Growth Equity are the portfolio companies themselves, which gain access to substantial capital and strategic guidance to accelerate their development. OMERS Growth Equity aims to generate robust, long-term returns to help fulfill the pension obligations of OMERS' over half a million members. Its vision is to be a leading global investor in the growth equity space, identifying and backing promising companies that demonstrate potential for sustainable value creation and sector disruption.
Key people at OMERS Growth Equity.
OMERS Growth Equity was founded in 2019 by Geoffrey Bird (Founder).
OMERS Growth Equity has 4 tracked investments across 4 companies. The latest tracked deal is $170.0M Other Equity in Highfive in December 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 16, 2021 | Highfive | $170.0M Other Equity | Will Griffith | Amasia, GV, Section 32, T Mobile Ventures, Work Bench |
| Dec 15, 2021 | Course Hero, Inc. | $380.0M Series C | Wellington Management | D1 Capital Partners, Aneesh Venkat |
| Dec 1, 2021 | Dialpad | $170.0M Series F | ICONIQ Growth | 305 Ventures, FirstMark Capital, Matrix, Menlo Ventures, Pillar VC, Prosperity7 Ventures, Section 32, SNR, TechSquare Labs, Touchdown Ventures, Valia Ventures, What IF Ventures, Work Bench, Andy Coravos, Chris Schaepe, Yumin Choi, Amasia, GV, T Mobile Ventures |
| Jan 1, 2021 | Aledade | $100.0M Series D | Meritech Capital Partners | Bessemer Venture Partners, Flare Capital Partners, Mohamad Makhzoumi, IVP, Tiger Global |
Key people at OMERS Growth Equity.
OMERS Growth Equity was founded in 2019 by Geoffrey Bird (Founder).