Oregon Investment Council, which oversees the $93.3 billion Oregon Public Employees Retirement System, committed or invested a total of roughly $1.6 billion to 11 alternative investment funds.
Council officials reported committing $265 million to buyout fund GTCR XIV, made up of $200 million for the pension fund and $65 million for Oregon's $2.1 billion Common School Fund that the council also oversees.
Also in private equity, the council committed a total of €230 million to buyout fund Vitruvian Investment Partners V, managed by Vitruvian Partners: €225 million ($237 million) for the pension fund and €5 million for the Common School Fund.
Officials also committed a combined $165 million to buyout fund CVC Capital Partners Asia VI: $150 million for the pension fund and $15 million for the Common School Fund.
Additionally, officials committed a combined $150 million on behalf of the pension fund to four Asia-focused venture capital funds managed by GGV Capital: GGV IX, GGV IX Plus, GGV Discovery IV US, and GGV Discovery IV.
In hedge funds, the council invested a total of $255 million to Bridgewater Pure Alpha Major Markets II: $250 million for the pension fund and $5 million for the Common School Fund. It also invested a total of $207.5 million in hedge fund Marshall Wace Alpha Plus (US) Fund II, made up of $200 million for OPERF and $7.5 million for the Oregon Common School Fund.
Finally, officials committed $200 million for OPERF to value-added real estate fund Oak Street Real Estate Capital Fund VI, managed by Oak Street, a division of Blue Owl Capital and $100 million for the pension fund to private credit fund Pathlight Capital Evergreen Fund.