Oregon Investment Council, Tigard, which runs the $69.4 billion Oregon Public Employees Retirement Fund, committed up to $500 million to two real asset funds, said James Sinks, spokesman.
The council on Wednesday committed up to $300 million to core open-end real estate fund JPMCB Strategic Property Fund, managed by J.P. Morgan Asset Management, a new relationship. The fund has a $31 billion net asset value. The council’s real estate consultant, Pension Consulting Alliance, assisted.
The council also committed $200 million to EQT Infrastructure III, managed by EQT Partners, a new general partner relationship. EQT’s new fund has a €2.9 billion ($3.1 billion) target and a €4 billion hard cap. The fund will invest in value-added infrastructure investments in the energy, transportation, environmental, telecommunications and social sectors in Northern and Central Europe and North America. The council’s private equity consultant, TorreyCove Capital Partners, assisted.