market folly

We're posting up notes from the Capitalize For Kids conference 2016.  Next up is Satish Rai of OMERS who had a fireside chat.


Satish Rai's Talk at Capitalize For Kids Conference 2016

•    Fixed income as an opportunity doesn’t make sense for OMERS as it’s not a good match to its liability stream.

•    Approximately 50% of OMERS balance sheet is outside of traditional public markets (stocks + bonds)

•    Believes opportunity set outside of public markets is very large and growing.

•    Talked about the "if and when" transaction completed with Great Plains Energy. Great Plains was looking for guaranteed equity financing regarding an acquisition. Structured the deal to be a convert.

•    OMERS has also started to provide debt financing to private equity firms. This business has grown from zero to $7 billion in 12 months. The opportunity set had been enormous given that banks aren't able to make some of these loans due to heightened regulation.


Be sure to check out the rest of the presentations from Capitalize For Kids/Sohn Canada Conference.