Oregon Public Employees Retirement Fund (PERF) is planning to invest up to $800m (€660m) in real estate this year to mainly target core and value-add strategies.
According to a meeting document, the pension fund expects to make commitments worth $100m to $350m each during the period.
Anthony Breault, senior investment officer for the Oregon State Treasury, which oversees the investments for Oregon PERF, told IPE Real Assets: “Our investment in the value-add space will be accomplished through our separate account managers as we have given them the ability to find opportunities in this sector.”
For core investments, the pension fund could consider a new fund manager.
“We are likely to select a new core fund to be
In terms of property types, the pension fund plans to grow its exposure to both industrial and apartment real estate.
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