Oregon Investment Council, Tigard, which manages the $51.5 billion Oregon Public Employees’ Retirement Fund, Salem, committed $100 million each to Vornado Capital Partners and OCM Opportunities Fund VIII, said spokesman James Sinks.
A separate $100 million commitment was made to Aquiline Financial Services Fund II, pending successful negotiations on fee reductions, Mr. Sinks said.
The Vornado fund is a REIT that makes value-added investments in high-quality office and urban retail real estate; it has a $1 billion target.
The OCM fund makes distressed debt investments in companies in the U.S., Europe and Asia. The fundraising target is $5 billion.
Aquiline’s fund, with a $2 billion target, invests in corporate divestitures, buyouts and corporate restructures of financial service companies in North America and Europe.