Feb 25, 2016 – OMERS announced today the closing of its previously announced investment in Skyway Concession Company LLC (“SCC”). OMERS made the investment in a consortium of aligned, long-term institutional investors.
SCC manages, operates and maintains the Chicago Skyway toll road ("Skyway"), under a concession agreement which runs until 2104. Skyway is a 7.8 mile (12.5 kilometre) toll road that forms a critical link between downtown Chicago and its south-eastern suburbs.
“We want to reiterate how investments such as Skyway are an excellent match for Borealis – both in terms of our goal of acquiring assets that will generate consistent returns for the pension plan’s members, and our objective of continuing to grow our infrastructure portfolio,” said Ralph Berg, Executive Vice President & Global Head of Infrastructure, OMERS Private Markets.
“In line with our strong record as a long-term investor and careful steward of assets, we look forward to working with our partners and Skyway’s management team to create value for all stakeholders,” Mr. Berg added.
About OMERS Private Markets (“OPM”)
OMERS Private Markets (Borealis Infrastructure and OMERS Private Equity) invests globally in private equity and infrastructure assets on behalf of the OMERS pension plan. OPM's diversified portfolio of large scale infrastructure assets exhibits stability and strong cash flows, in sectors including energy, transportation and government-regulated services. Investments are aimed at generating strong returns to help deliver secure and sustainable pensions to OMERS members. OPM has offices in Toronto, New York, London and Sydney. OMERS is one of Canada's largest pension funds with net assets of CAD$72 billion. For more information, please visit www.omersprivatemarkets.com
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