Michael Graham was named the new global head of OMERS Private Equity, according to an internal OMERS memo obtained by Pensions & Investments.
Mr. Graham will succeed Mark Redman, "who has made the personal decision to leave the organization on March 31," the memo said.
Mr. Graham has been at OMERS Private Equity since 2003 when he joined to lead control buyouts in Canada. Since 2013, he has been the head of the North American private equity program, the memo said.
OMERS Private Equity, the private equity investment arm of the C$109 billion ($83.4 billion) Ontario Municipal Employees' Retirement System, Toronto, has 4.6% of its portfolio invested in private equity, said a Monday news release on OMERS' 2019 results.
Mr. Redman, who has been global head of private equity for nearly five years, joined OMERS in 2009 to start up and build its European private equity business, according to the internal memo.
"After more than of a decade of service with OMERS Private Equity, and nearly five years as global head, I am ready to take on a new challenge," Mr. Redman said in a statement in the memo. "I'm honoured to have had the opportunity to lead the business globally and proud of what we have accomplished together. It has been a great journey that gave me the privilege of working with a fantastic team in North America, Europe and Asia-Pacific as well as the opportunity to lead the team on a number of successful deals. I know the OMERS Private Equity, Ventures and Growth Equity businesses are well positioned for the future and I wish Mike Graham and the rest of the team all the best as they advance plans for further global growth."
