Oregon Public Employees Retirement Fund (PERF) has approved $200m (€181.4m) worth of capital commitments to Lotus Infrastructure Partners and Harrison Street infrastructure funds.
The Oregon Investment Council disclosed in a board meeting document that it placed $150m into the Lotus Infrastructure Fund IV and made a $50m commitment to a side-car co-investment fund associated with the Harrison Street Infrastructure Fund.
Lotus Infra was established in January 2023 as a successor firm to Starwood Energy. Fundraising target for its inaugural is currently unknown, but the previous fund in the series raised $1.2bn in 2018.
Lotus Infra’s Fund IV will focus on acquiring or developing power generation, transmission and other energy-related infrastructure assets in North America.
Harrison Street had raised $2.4bn for its infrastructure fund and co-investment as at September 2023, as disclosed in an SEC filing.
The fund will invest in various sectors, such as clean heating and cooling, energy, electric vehicle charging, carbon capture, renewable fuels and microgrids.
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