Oregon Public Employees Retirement Fund (PERF) is planning to invest up to $1.5bn (€1.4bn) in real assets in the current year, the Oregon Investment Council (OIC) disclosed in a board meeting document.
The final amount Oregon PERF will invest in real assets in 2024 will depend on the pension fund’s ability to identify high-performing investment opportunities.
According to the OIC, the plan during the period will be to target between three to five fund and co-investment commitments ranging from $150m to $350m each.
The majority of the capital set aside for 2024 is expected to be directed towards infrastructure investments, with additional investments in natural resources.
In 2023, the pension fund approved a total of eight investments in funds and co-investments totalling $1.4bn comprising five infrastructure investments and three natural resources investments.
Oregon PERF targets various subsectors within infrastructure, such as transportation, power, utilities, communication, and social infrastructure. The pension fund’s natural resources investments include timber, agriculture, energy, and mining/metals.
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