OMERS taps ex-CPPIB exec Mark Shulgan to lead new growth-equity strategy

OMERS appointed Mark Shulgan to head the Canadian pension fund’s new growth-equity platform, PE Hub Canada has learned.

OMERS announced Shulgan’s hire as a managing director in September, though at the time did not mention the new strategy.

He will now run OMERS Growth Equity, recently set up for long-term investing in high-growth companies committed to innovation in sectors like healthcare and tech, according to OMERS’ site.

The platform’s strategy is to partner with entrepreneurs as a minority investor, deploying equity of $50 million to $250 million and taking board seats.

Previously, Shulgan was a senior portfolio manager in Canada Pension Plan Investment Board’s thematic investing group.

He co-founded the CPPIB group, an investor in private and public companies in North America and Asia, a decade ago.

Before then, Shulgan spent nearly three years as a vice president at Fortress Investment Group.

Shulgan could not be immediately reached for comment.

OMERS Growth Equity represents a third division of OMERS Private Equity, filling a space between the PE group and OMERS Ventures, both of them pioneers of in-house direct investing by a major pension fund.

This story originally appeared in Venture Capital Journal, published by Buyouts Insider. Subscribers can read the full story by clicking here. To subscribe to Venture Capital Journal, click here.