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.