Purpose Investments Inc. announces a strategic investment by OMERS with the purchase of a minority equity position

Purpose Investments Inc. (“Purpose” or the “Company”) announced today that it has reached a definitive agreement to sell OMERS Platform Investments a minority interest in the Company. OMERS is one of Canada’s largest pension funds, with over $85 billion net assets under management.

“We founded Purpose on the idea that Canadians needed a better solution to protect and grow their investments, and that the investment industry was ready for the next step in its evolution,” said Som Seif, President and Chief Executive Officer of Purpose Investments. “We have seen tremendous growth in our business since our inception four years ago, and this new relationship with OMERS will provide us with the capital we need to advance our business faster and further. The opportunity in front of us now, to gain market share and to be the benchmark by which our peers are measured, is bigger than it has ever been.  Further, this transaction allows us to reimagine the role we will play in our industry.”

“This new relationship goes beyond the simple benefit of access to capital,” continued Seif. “OMERS, as one of Canada’s largest pension funds, has tremendous insights and credibility, specifically in terms of asset management and entrepreneurship, and we both share a long-term view of success.”

The transaction is scheduled to close today.

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