Future Fund completed the acquisition of a 9.995% stake in Transgrid from OMERS.

Future Fund, a sovereign wealth fund of the Commonwealth of Australia, completed the acquisition of a 9.995% stake in Transgrid, a electricity transmission company, from OMERS, an asset management firm. Financial terms were not disclosed. “For over 25 years, OMERS has been a direct investor in infrastructure. The asset class has provided OMERS with strong and predictable returns and the assets in our global portfolio – including firms such as Transgrid – have a strong social ethos and a purpose that fits the requirements of delivering for our members, partners and communities in which we invest. We are very proud to welcome Future Fund, with whom we share similar values and a common mission, into our Strategic Partnership Program, where they are now a co-investor in Transgrid and can access our excellent asset management platform and capabilities,” Ralph Berg, OMERS Chief Investment Officer.