OMERS snags IFM exec to lead third-party infra programme – exclusive

Irini Kalamakis joins the Canadian pension fund’s London office as a senior managing director and global head of its Strategic Partnerships Program.

Irini Kalamakis

OMERS Infrastructure has hired Irini Kalamakis as a senior managing director to lead the Canadian pension fund’s third-party capital programme.

Kalamakis joins OMERS Infrastructure from IFM Investors, where she had worked since 2018 as an executive director and head of Europe, Middle East and Africa for the Australian unit’s global relationship group. She previously spent four years at Hastings Fund Management. Kalamakis joins in the role of senior managing director and global head of the Strategic Partnerships Program, a role previously held by Alastair Hall, who was promoted to head of Europe last November.

Kalamakis – who will report to OMERS’ global head of infrastructure, Annesley Wallace, and join the OMERS Infrastructure management committee  – will lead the programme from London. The SPP began as the Global Strategic Investment Alliance in 2013 with four Japanese investors and has since grown to 15 investors. It manages about C$8 billion ($5.5 billion; €5.5 billion) of deployed co-investment capital in 10 of OMERS Infrastructure’s 32 assets.

“There’s obviously many different ways to get exposure to infrastructure, and many of our clients continue to deploy capital into infrastructure through traditional funds. What we offer is something extra,” Hall told us in an interview in May. “We offer the ability of those investors to actually deploy capital alongside specific investment teams or things that they are trying to prioritise, so all the disadvantages of investing in a blind pool go away. We allow them to invest significant capital in that single investment behind us.”

OMERS is planning to double its C$32 billion of infrastructure assets under management by 2027, lifting its allocation from 20 percent to 25 percent. In a statement welcoming Kalamakis, Wallace said “the SPP is an important part of our global strategy and will significantly contribute to [these] ambitions”.