OMERS Ventures didn’t exit Europe because of the market — but it had good reason to

A few weeks ago, Bloomberg reported that OMERS Ventures, the venture capital firm backed by the Ontario Municipal Employees’ Retirement System, was calling it quits in Europe just four years after opening a London office, hiring a team and setting aside $332 million to invest in the region.
At the outset, it may seem as if the lackluster state of the European venture market may have motivated the exit, but it appears that wasn’t the case. Instead, OMERS’ exit was rather due to logistics related to being a solo LP operation, a source familiar with the matter told TechCrunch+.
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