Oregon Public Employees Retirement Fund (PERF) has approved $400m (€340m) worth of infrastructure commitments into two funds.

The Oregon State Treasury said during a board meeting that the pension fund has committed $250m to Cube Infrastructure Fund III, a core European fund and $150m to Stonepeak Global Renewables Fund, a global investment fund targeting investments in the OECD countries.

Oregon PERF puts $400m of new commitments into infrastructure portfolio

Oregon Public Employees Retirement Fund (PERF) has approved $400m (€340m) worth of infrastructure commitments into two funds.

The Oregon State Treasury said during a board meeting that the pension fund has committed $250m to Cube Infrastructure Fund III, a core European fund and $150m to Stonepeak Global Renewables Fund, a global investment fund targeting investments in the OECD countries.

The Cube Infrastructure Managers fund targets a mixture of energy supply, communications, public transport and waste management assets that require investments in the range of €50m to €150m.

The Stonepeak Infrastructure Partners fund seeks wind and solar power generation assets that can produce a 10% net internal rate of return.

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