Oregon Investment Council, which manages the $95.2 billion Oregon Public Employees Retirement Fund, Tigard, committed a total of $1.4 billion to alternative investment strategies, Rex Kim, chief investment officer, reported at Wednesday's council meeting.
The council committed a total of $350 million to TPG Partners IX, a buyout fund, and TPG Healthcare Partners II, a health care-focused private equity fund. Details on how the assets were split between the funds were not available.
Investment officials also committed $250 million to Abacus Multifamily Associates, a separately managed account, and $150 million to Abacus Multi-Family Partners VI, both managed by Abacus Capital Group.
They also committed $200 million to Quantum Energy Partners VIII and $50 million to a sidecar, both focused on investing in energy companies in the oil and gas upstream, midstream, oil field service and power generation sectors.
The council committed $150 million to NGP Royalty Partners II and $50 million to a sidecar fund, both to make oil and gas investments and managed by NGP Energy Capital.
It also made two additional commitments totaling $100 million, an initial $50 million and a follow-on of $50 million, to Brookfield Super-Core Infrastructure Partners, an open-end fund targeting utilities, transportation networks and other essential services managed by Brookfield Asset Management.
Officials also committed $50 million to Stonepeak Trailblazer Investment Partners, managed by Stonepeak Infrastructure Partners. The plan also committed an additional $50 million to an investment sidecar to EQT Infrastructure V, an infrastructure fund investing in the energy, transport and logistics sectors as well as environmental, digital and social infrastructure.