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.

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