Oregon Public Employees Retirement Fund (PERF) is expected to add around $2bn (€1.7bn) worth of investments to its alternatives portfolio this year, according to the pension fund’s pacing plan.

Last year, the pension fund added $1.6bn worth of new alternatives investments via nine infrastructure investment commitments and a $150m natural resources commitment made to NGP Royalty Partners.

Oregon PERF’s $3.1bn infrastructure portfolio currently consists of digital, renewable energy, transportation, utilities and energy midstream in the US and Europe.

In 2021, the $82bn pension fund expects to make commitments worth $150m to $250m each mostly into funds and some co-investments and could also consider separate account investments.

Oregon PERF’s $8.4bn alternatives portfolio also includes timberland and agriculture.

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