Oregon Public Employees Invests $350M in RE, Real Assets Funds

The Oregon Public Employees Retirement Fund made investments totalling $350M in two LBA real estate funds and a Stonepeak real assets strategy. 

According to recently published minutes from its October 23 board meeting, the pension committed $100M each to LBA Logistics Value Fund X and LBA Oregon Core Industrial. The Oregon pension also made a $150M allocation to Stonepeak Global Renewables Fund II, representing the pension’s third Stonepeak investment after allocating $250M to its core fund in 2022 and $350M to its fifth-generation infrastructure fund in the first quarter of this year. 

As of September 30, consultant Meketa reported that the Portland retirement system’s real estate and real assets portfolios are overweight, with current allocation for real estate at 13.7% against its initial policy target of 12.5%, while real assets stands at 10.3% against a 7.5% target. 

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