Oregon Investment Council, Tigard, which runs the $79.5 billion Oregon Public Employees Retirement Fund, committed a total of $540 million to five alternative investment vehicles, Michael J. Langdon, director of private markets, reported to the council on Wednesday.
The council committed $250 million to Brookfield Super-Core Infrastructure Partners fund, an open-end fund managed by Brookfield Infrastructure Partners. It also committed a total of $250 million to Harrison Street Social Infrastructure fund and a co-investment sidecar vehicle managed by real asset manager Harrison Street Real Estate Capital. The fund and sidecar are expected to invest in the educational, municipal and utility sectors in the U.S.
The council also committed a total of $40 million to two venture capital strategies managed by Union Square Ventures: Union Square Ventures 2021 fund and a climate technology fund.
Separately, the council is expected to launch a strategic asset allocation review in April, Mr. Langdon said. General investment consultant Callan is expected to assist.