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FUNDRAISING NEWS | October 15, 2024
The Delaware Public Employees’ Retirement System (Delaware PERS) approved a $50M allocation to Oaktree Power Opportunities Fund VII and undertook a $140M rebalancing away from healthcare and into global equities.
According to recently published materials from the pension’s August 20 investment committee meeting, it will terminate its $140M investment in Baillie Gifford Health Innovation Fund, reallocating $90M of the proceeds into the Baillie Gifford Long Term Global Growth Account and $50M into Viking Global Opportunities LP.
The Oaktree Capital Management investment continues the pension’s relationship with the fund manager, which received a $140M investment in its International Convertible Securities Strategy in 2021. Power Opportunities Fund VII is the latest installment in a series that seeks investments in critical infrastructure, including electric power, natural gas, water, wastewater, and other energy and utility-related businesses in North America and Europe.
According to data found in Dakota Marketplace, the Delaware PERS manages approximately $13.69B in assets.
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Written By: Dakota
October 21, 2024
December 17, 2024
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