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Stock photo of a person stacking money.
Stock photo of a person stacking money.
(Nastco/Getty Images/iStockphoto)

OMERS makes four times its money on 2013 private equity sales

The private equity arm of pension fund manager Ontario Municipal Employees Retirement System (OMERS) had a good 2013, more than quadrupling its money on the three investments it agreed to sell last year.

OMERS Private Equity head Paul Renaud said Monday that the three sales it agreed in 2013 “resulted in a combined return in excess of 40 per cent and a combined multiple-of-money in excess of 4.0.”