Oregon Investment Council, Tigard, committed $400 million to Brookfield Infrastructure Fund III, managed by Brookfield Asset Management, and $300 million to Lone Star Real Estate Fund V, managed by Lone Star Funds, spokesman James Sinks said in an e-mail.
The Brookfield infrastructure fund has a $10 billion target and a $12 billion hard cap, which includes a $4 billion commitment from Brookfield, according to a March 9 memo from the council, which runs the $66.5 billion Oregon Public Employees Retirement Fund, Salem.
The council previously invested in two other Brookfield funds: $50 million to Brookfield Timberlands Fund V in 2013 and Brookfield Agriculture Fund II in 2015.
TorreyCove Capital Partners, one of the council's alternative investment consultants, assisted.
Lone Star's fifth fund has a $5 billion target and a $5.5 billion hard cap. Past Oregon investments with Lone Star include an $86.4 million commitment to Lone Star Residential Mortgage Fund I.
Real estate consultant Pension Consulting Alliance assisted.