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Investors - OCTOBER 14, 2019

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OPERF commits $500m to two funds

by Kali Persall

The $77 billion Oregon Public Employees’ Retirement Fund (OPERF) has approved a $250 million commitment to a new open-end real estate fund sponsored by Walton Street Capital.

The Walton Street Core Plus Fund was announced in late September and will focus on real estate assets in the United States. Since 1994, Walton Street has closed eight global discretionary real estate investment vehicles aimed at constructing a diversified portfolio of value-added and opportunistic investments, according to the firm’s website.

In September, Walton closed its second real estate debt fund, with $1.3 billion in capital commitments.

The deal marks OPERF’s first investment in a Walton Street fund, according to a spokesperson for the pension fund. At the same time, it also committed $250 million to the LBA Oregon Core Industrial fund, a programmatic separate account with LBA Realty. This was also a first-time investment with LBA Realty by OPERF.

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