Oregon Investment Council, which oversees the $93.6 billion Oregon Public Employees Retirement System, Tigard, committed a combined $1.5 billion to private markets strategies, said CIO Rex Kim at the council's April 17 meeting.
The council committed $500 million to Pathway Private Equity Fund III-Co, a private equity fund of funds managed by Pathway Capital Management, and $350 million to Stonepeak Infrastructure Fund V, a global infrastructure fund.
Council officials also committed $250 million each to buyout funds Veritas Capital Fund IX and Thoma Bravo Fund XVI. The council also committed $150 million to Luminate Capital Partners IV, a software-focused middle-market buyout fund.
Separately, the council plans to commit no more than $200 million in 2024 from its $2.6 billion opportunity portfolio, which includes its private credit investments. The pension plan does not have a separate private credit allocation. Council officials do not expect to add new relationships but to invest with existing managers.
