Oregon Public Employees Retirement Fund (PERF) plans to invest in The Carlyle Group’s $10.5bn (€9.76bn) core-plus US real estate fund.
Rex Kim, CIO for the Oregon Investment Council, said the pension fund would commit $200m to the open-ended Caryle Property Investors during its December board meeting.
It will be Oregon PERF’s first real estate investment with Carlyle. Carlyle did not respond to an email for comment.
Carlyle Property Investors was established about eight years ago and Oregon PERF has been following the fund.
The investment will enable Oregon PERF to increase its exposure to several property types, including life sciences, manufactured housing and student accommodation.