Oregon Public Employees Retirement Fund (PERF) has approved a $100m (€87m) commitment to Lincoln Property Company’s latest US industrial fund.
The Oregon Investment Council (OIC) disclosed in a board meeting document that Oregon PERF’s commitment was made to the Lincoln Logistics Fund II fund.
Oregon PERF’s commitment was approved by the limited partners in late January 2026. According to an SEC filing, Fund II raised $150m through February 2026.
The OIC declined a request to provide further details regarding the commitment or the fund.
Lincoln did not respond to a request for comment.
The Oregon PERF commitment marks an expansion of the pension fund’s relationship with Lincoln, which includes an existing industrial separate account.
The fair market value of the separate account is $2bn and has generated a 13.5% internal rate of return and a 1.68x total value multiple, according to a pension fund report.
The separate account follows a core strategy, but allows for build-to-core transactions.
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