Oregon Investment Council committed $200 million to Whitehorse Liquidity Partners IV, CIO Rex Kim reported at the council's most recent meeting.
The secondary fund managed by Whitehorse Liquidity Partners is expected to offer preferred equity to general partners and limited partners.
Separately, at its March 10 meeting, the council, which oversees the $82 billion Oregon Public Employees Retirement Fund, Tigard, said it plans to commit $600 million to $800 million to real estate investments in 2021. The council expects to make three to five commitments of $100 million to $350 million each.
In 2020, the council committed a combined $1.8 billion to real estate investments. The pension plan has a $8.4 billion real estate portfolio.
Roughly 70% of the council's $8.4 billion real estate portfolio is invested in separately managed accounts and open end funds, with 20% to 30% in closed-end funds. Investments in real estate closed-end funds will be limited to very select non-core strategies, according to its real estate plan.
In 2021, the council plans to commit $1.5 billion to $2 billion to real asset investments, which include infrastructure and natural resources, among other sectors.
It committed $1.6 billion to real assets in 2020.
