Oregon Public Employees Retirement Fund (PERF) has issued $200m (€190.1m) worth of infrastructure co-investment commitments.

The Oregon Investment Council disclosed in a meeting document that two co-investments worth $100m were issued into the Brookfield Super-Core Infrastructure Partners fund sidecar, a $50m commitment was placed into the Stonepeak Trail Blazer Investment Partners and a $50m into an EQT Infrastructure V fund sidecar.

Ben Mahon, senior investment officer for alternatives at Oregon State Treasury, told IPE Real Assets that the types of infrastructure the capital with Brookfield sidecar will operate as a blind pool.

The capital with Stonepeak is open-ended and can be invested in any of Stonepeak’s activities.

“The primary objective of the real assets portfolio co-investment programme is to mitigate fee drag while seeking to get exposure to as many deals as possible.

“Based on our evaluation, creating a systematic co-investment program using structured side vehicles provided the greatest degree of confidence of fulfilling those objectives,” Mahon said.

To read the latest edition of the latest IPE Real Assets magazine click here.

Topics