Oregon Investment Council, Tigard, which runs the $76.6 billion Oregon Public Employees Retirement Fund, committed $200 million to buyout fund KSL Capital Partners V, said James Sinks, spokesman in an email.
The pension fund has invested with KSL in the past, including a $100 million commitment to KSL Capital Partners II in 2006, a $50 million commitment to KSL Capital Partners Supplemental II in 2009, $100 million to KSL Capital Partners III in 2011 and $75 million to KSL Capital Partners Credit Opportunities Fund in 2014.
Separately, the council expects to commit $2.5 billion to $3 billion in 2018 to its alternatives allocation, which includes infrastructure, natural resources and diversifying strategies, such as managed futures, according to a plan approved at the council meeting on April 25. At the current pace, the pension plan will reach its 12.5% target allocation for its alternatives portfolio in about five years. Currently, the pension fund has $5 billion, or about 6.5% of plan assets, in its alternatives portfolio. The portfolio does not include private equity and real estate.