OMERS Infrastructure and OMERS Infrastructure US

Michael J. Boyd is Global Head of Infrastructure, overseeing the direct-investment platform. Jonathan Scherer leads OMERS Infrastructure US, the separate US-domiciled entity. Investment decisions are made by the infrastructure leadership team, with final approval from OMERS' Investment Committee.

The firm sources opportunities through its internal origination team across five global offices, sector-specialist relationships, and its network of operating partners. OMERS also participates in club deals and co-investments alongside other pensions and sovereign funds. Its permanent capital base allows it to act as a patient, long-term counterparty.

OMERS Infrastructure is a direct-investment division of OMERS, the Ontario Municipal Employees Retirement System. It operates with dedicated investment professionals and a separate portfolio, but within the pension's overall asset allocation. OMERS Infrastructure US is a distinct legal entity registered in the US for compliance and tax efficiency.

OMERS Infrastructure primarily invests directly, seeking control or significant minority stakes in individual assets. It also takes co-investment positions alongside other institutional investors, but it does not commit to external private infrastructure funds. This direct approach reflects its internal operating partner model.

The firm targets core and core-plus infrastructure assets that are operational and generate stable, inflation-linked cash flows. It occasionally pursues greenfield development in regulated or contracted segments, such as renewable energy and digital infrastructure, but the emphasis is on existing assets with limited construction risk.

The firm avoids pure commodity exposure (e.g., unhedged oil and gas upstream), cyclical real estate development, and early-stage venture infrastructure. It focuses on regulated and contracted assets with long-term revenue visibility, such as regulated utilities, airports, ports, data centers, and renewable energy.

OMERS Infrastructure US is a wholly owned, US-domiciled sub-entity established to hold and manage US direct infrastructure investments. It operates with the same investment strategy and oversight but is subject to US securities and tax laws. Jonathan Scherer serves as its Head, reporting to Michael J. Boyd.