Meeting Summary

Investment Committee – November 14, 2017

Husky Sale

OMERS Private Equity sought the approval of the Investment Committee to proceed with the disposition of Husky IMS International Ltd. ("Husky"). Husky is a leading industrial technology provider to the plastics processing industry, providing an unprecedented level of innovation for injection molding applications and delivering products and services to a wide range of customers in various end-markets across the globe.

Following a question and discussion period, the Investment Committee approved the sale.

In press releases issued December 18, 2017, OMERS and OPM announced that OPM, alongside Boston-based investment firm Berkshire Partners, agreed to sell Husky to funds managed and/or advised by Platinum Equity for US$3.85 billion.

Investment Risk Policy

The Investment Risk Policy supplements the Statements of Investment Policies and Procedures by further defining limits and thresholds and clarifying roles and responsibilities.  A number of amendments to the Investment Risk Policy were considered, along with an additional clarification requested by the Committee. 

Following discussion, the Investment Committee approved the Investment Risk Policy, effective January 1, 2018. Due to the confidential and commercially sensitive nature of its contents, the Investment Risk Policy will not be posted on the OMERS website and will be kept confidential for internal use only.