Oregon Public Employees Retirement Fund (PERF) has approved a $200m (€184.1m) commitment to EnCap Flatrock Midstream Fund V, a fund seeking to raise $3bn to invest in oil and gas infrastructure in the US.
Rex Kim, the chief investment officer for the Oregon Investment Council, said in a meeting document that the pension fund is placing $150m directly into EnCap Flatrock Midstream’s latest fund and another $50m into Fund V’s sidecar co-investment vehicle.
The Oregon Investment Council declined a request for further comment.
EnCap Flatrock Midstream’s predecessor fund which closed in 2018, raised $3.25bn.
Fund V will target assets like pipelines, gathering systems, natural gas processing units, storage terminals, infrastructure related to hydrogen and biofuels.
Oregon PERF has also approved a $251m commitment directly into Global Infrastructure Partners V and an additional $99m for the fund’s co-investment sidecar fund.
Global Infrastructure Partners is seeking to raise $25bn for the global fund to target core investments in the energy, transportation, water/waste and digital infrastructure sectors.
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