Omers has appointed Adam Buzanis as head of funds as the Canadian pension fund continues to expand its private equity fund investment platform and increase its focus on co-investments and external manager relationships, according to a report by Bloomberg.
Buzanis joins from CAAT Pension Plan, where he most recently served as head of private markets after previously leading the organisation’s private equity strategy. He will take up the new role on 3 August and report to Michael Block, who oversees private capital investments at Omers.
The appointment comes as Omers continues to reshape its private equity business, placing greater emphasis on fund investments and partnerships with external managers rather than traditional direct buyouts.
In his new position, Buzanis will be responsible for developing Omers’ external private equity funds strategy while helping expand the pension plan’s co-investment programme.
The hire is the latest in a series of senior leadership changes within Omers’ investment division. Former chief investment officer Ralph Berg recently departed to join Temasek, while earlier this month Omers promoted Michael Hill to global head of infrastructure and private equity and broadened Block’s responsibilities across private capital.
Omers has been repositioning its private equity platform over the past two years, including ending direct buyout activity in Europe in favour of investing alongside strategic partners and through third-party private equity fund managers.