OMERS and CPP Investment Board Invest in TPG IV

Ontario Municipal Employees Retirement System (OMERS) committed, on October 24, 2003, US$75 million to TPG Partners IV LP, a US buyout fund managed by Texas Pacific Group. On December 12, CPP Investment Board committed US$100 million to TPG IV Partners. The fund, with a target of US$5 billion, is to be invested over the next six years in private equity opportunities.

OMERS and CPP Investment Board were represented by Torys LLP, with a team that included Peter Ballantyne and Jonathan Weisstub (corporate) in Toronto and Jeff Scheine (US tax) in New York. TPG Partners was represented by Cleary, Gottlieb, Steen & Hamilton, with a team that included Michael Gerstenzang, Jill Teehan, Mark Proctor and Elizabeth Lenas.