Oregon PERF approves $250m commitment

The US public pension has backed a North American social infrastructure vehicle.

Institution: Oregon Public Employees’ Retirement Fund
Headquarters: Tigard, US
AUM: $77.7 billion
Allocation to alternatives: 34.4%

Oregon Public Employees’ Retirement Fund has approved a $250 million commitment to Harrison Street Social Infrastructure (open-ended) at its December 2020 investment council meeting, a contact at the pension informed PERE.

The $77.7 billion US public pension has a 12.5 percent target allocation to private real estate that currently stands at 10.8 percent.

As illustrated below, Oregon PERF’s recent commitments to private real estate have been to funds targeting investments in North America. The pension’s chief investment officer is Rex Kim.

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