OMERS appointed Alexander Fraser as the global head of its private equity division, strengthening its leadership as the fund refines its investment approach.

Fraser, a former partner at a Temasek-backed fund, will be based in New York and report to Chief Investment Officer Ralph Berg. He replaces Michael Graham, who retired earlier this year, and will assume his role on March 17.

“Alexander is a growth-focused leader with deep experience in leading strong teams and building businesses, having had much success with top global firms,” said Berg in a statement.

OMERS, which manages approximately C$27.5bn ($19.1bn) in private equity assets, has recently adjusted its strategy. In 2023, the pension fund halted direct private equity investments in Europe, opting to invest alongside partners and third-party managers. It also launched a global funds strategy within its newly created Private Capital group.

Fraser joins from 65 Equity Partners, where he was a founding partner and led U.S. investments for the Temasek-backed private equity initiative. Previously, he was a partner at Bridgepoint Group Plc, where he co-led technology investments.

As OMERS refines its private equity strategy, Fraser’s leadership will be key in expanding the fund’s global presence and deepening its investment partnerships.

Source: MSN