OPTrust Private Markets Group Sydney Office featured in The Wall Street JournalPosted: October 4, 2013
The Wall Street Journal | October 4, 2013
Canada’s OPSEU Pension Trust, or OPTrust, which has 14.7 billion Canadian dollars under management (US$14.3 billion), has opened an office in Sydney, Australia, to focus on infrastructure and private equity investments across Asia.
The pension fund has relocated managing director Stan Kolenc and portfolio manager Morgan McCormick to Sydney from London, the firm’s only other office outside Canada.
“Sydney made sense for us, because we expect most of our Asian infrastructure investments to be in Australia and New Zealand,” said Mr. Kolenc in an interview Friday. “In private equity, we’ll target equity investments of between A$20 million and A$75 million, while in infrastructure, our targeted equity check is between A$50 million and A$250 million.” Read more.
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