Borealis Infrastructure to open Australia office
The Australian newspaper Financial Post has announced that Borealis Infrastructure, the infrastructure arm of the Ontario Municipal Employees Retirement System (OMERS), is planning to open an Australian office. The office would be its third after the ones in Toronto and London.
According to the newspaper, professionals from Borealis's head office in Canada will staff the Australian office. The professionals will rotate depending on the assignment or investment being considered.
Borealis Infrastructure was established in the late 1990s. It was the first group formed by a Canadian pension plan with a mandate to invest in infrastructure as a separate asset class. Today, Borealis has approximately C$10 billion invested in approximately 20+ investments that have a total enterprise value of approximately C$50 billion.
The pension fund, OMERS, has approximately C$61.5 billion in net investment assets.
The tabloid states that a stable political environment and strong economic fundamentals were key factors behind the opening of the new office.
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