Oregon Investment Council Commits $925M to Alts

The Oregon State Treasury has disclosed five alternative investments totaling up to $925 million, according to minutes from the April Investment Council meeting.

$250 million was committed to the private equity fund Genstar Capital Partners XI. $200 million was committed to growth equity fund, TA XV. $150 million was committed to the buyout fund, Pathenon Investors VII. $200 million was committed to energy focused private equity fund, LS Power V. And $125 million was committed to the natural resources fund, Appian Natural Resources Fund III.

The Oregon Investment Council oversees the investment and allocation of all State of Oregon trust funds, including the Oregon Public Employees Retirement Fund, the Common School Fund, and the State Accident Insurance Fund.

As of March 31, 2023, the $92.4 billion Oregon Public Employees’ Retirement Fund has an actual and target allocation to private equity of 27.1% and 20% respectively. The actual and target allocation to real assets is 9.2% and 7.5% respectively.

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