By Staff
The Ontario Municipal Employees Retirement System is appointing Alexander Fraser to the role of executive vice-president and global head of private equity, effective March 17.
OMERS’ global private equity business manages roughly C$27.5bn in assets and has achieved a 10-year average net return of 9.2% through the end of 2024, according to a press release.
In his new role, Fraser will oversee the global equity business, including its buyout and private capital groups that cover various sectors and strategies. He joins the C$138.2 bn pension plan from 65 Equity Partners US, where he was a founding partner of a multi-billion-dollar global private equity initiative sponsored by Temasek.
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Prior to that, Fraser was a partner at Bridgepoint, a European private equity firm, and spent 16 years at GI Partners, serving in various investment roles. He succeeds Michael Graham, who retired earlier this year. Fraser will be based in New York, reporting to the plan’s chief investment officer, Ralph Berg.
“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 the release. “This is an exciting time for private equity, and the current investment landscape offers new and diverse opportunities for growth. Under Alexander’s leadership, I am confident we will continue to build on the strong foundation of our private equity business.”
