| View this email online The Wire Nov. 12, 2021 OMERS back to growth mode with deal pipeline running fast Happy Friday! After a challenging 2020, OMERS Private Equity returned to growth mode this year, working a post-covid deal pipeline “as full as it ever has been,” global head Michael Graham told Buyouts’ Kirk Falconer. Investing to date this year, totaling C$1.6 billion ($1.3 billion), represents “slightly above average” activity for OMERS, Graham said. The “velocity of deals,” however, amounts to “one of our biggest years yet.” Going after those assets it believes it has “the right to own”, one of three new platforms in the first half of the year included Gastro Health, a Miami-based gastroenterology physician practice management company acquired from Audax Private Equity at a TEV of roughly $950 million, I wrote. That’s it for me! Have a great weekend, and as always, write to me at springle@buyoutsinsider.com with any tips, comments or just to say hello. Read the full wire commentary on PE Hub... Also of note (may require subscriptions) On the move: Crestbridge, an independent provider of private equity and real estate administration solutions, hired Marta Ciemiega as US business development director. Ciemiega brings more than 17 years of experience to the London-based firm as it looks to boost its presence in the US. Read it on Buyouts. Got the dough: If Private Equity International gave out an award for the biggest store of dry powder, Blackstone would take first place. The New York-headquartered alternatives giant had $127.2 billion of capital to spend across alternatives at the end of Q3 – more than 14 percent higher than its closest competitor, KKR, which had $111 billion. Read more on PEI. Credit: London-based asset manager Pemberton has closed its second Strategic Credit fund on €1.75 billion, according to sources close to the company.The vehicle reportedly closed last month, with significantly more raised than for its predecessor, which closed on €1 billion in 2017. Read it on Private Debt Investor. PE Deals They said it “If you’re in an auction right now, it’s extremely competitive. You almost have to pre-empt it in order to win,” he said. “You have to pay at the very top end, and leaning on your existing relationships is becoming increasingly important.” Markus Bolsinger, co-head of Dechert’s PE practice, said in the firm’s 2022 Global Private Equity Outlook report (PEI). Today's letter was prepared by Sarah Pringle Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. FIND OUT MORE Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. London | New York | Hong Kong PEI Media Group Ltd is registered in England no.6135779 Registered office: 7th Floor, 100 Wood Street, EC2V 7AN To update your PE Hub email preferences, or to unsubscribe, click here. | 