Oregon Public Employees Retirement Fund (PERF) has expanded its real assets portfolio with $525m (€451.3m) of infrastructure commitments to Blackstone, Cube Infrastructure Managers and LS Power strategies.
The Oregon Investment Council disclosed in a board meeting document that the pension fund committed $150m to Blackstone Energy Transition Partners V, a vehicle market sources expect to raise more than $5.6bn.
The pension fund has also allocated $100m to Cube Infrastructure Fund IV, a European brownfield strategy targeting €1.5bn, alongside a $50m commitment to the Cube Salem Co-investment sidecar vehicle.
Oregon PERF placed $200m into LS Power Equity Partners VI and $25m into its co-investment vehicle.
The commitments are part of Oregon PERF’s 2026 calendar year target to deploy up to $1bn between five and seven infrastructure or natural resources funds and co-investments, with typical ticket sizes of $150m-$200m.
In 2025, Oregon PERF invested $350m into real assets across two commitments despite an initial target of between $500m and $1bn.
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