Oregon Public Employees Retirement Fund (PERF) has approved a $200m (€199.6m) commitment to Oak Street Real Estate Capital’s latest US triple-net lease fund.
The Oregon Investment Council disclosed in a meeting document that the pension fund had committed the capital to Oak Street Real Estate Capital Fund VI, a fund seeking to raise $4bn.
Oregon PERF first hired Oak Street two years ago when it approved a $200m commitment to Oak Street Capital Real Estate Fund V, the previous fund in the series.
Oregon PERF declined a request for further comment.
Last month IPE Real Assets reported that the Pennsylvania State Employees’ Retirement System had approved a $75m commitment to Oak Street Real Estate Capital Fund VI, a fund expected to have a final close by the end of the year.
The fund will be investing in a mixture of office, industrial and retail properties leased to single tenants with at least 11 years remaining.
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