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OPERF makes $400 million commitment to Lone Star

by Andrea Waitrovich

The Oregon Investment Council approved a commitment of up to $400 million to Lone Star Funds’ Lone Star Fund VIII (LS Fund VIII), on behalf of the Oregon Public Employees’ Retirement Fund (OPERF), at its May 1 meeting.

The distressed debt fund launched this year with a $5 billion fundraising goal. In March 2013, it raised $333.4 million in equity commitments.

LS Fund VIIIinvests in distressed investments in loans and securities, including single-family residential, corporate and consumer debt products, as well as financially oriented and asset‐rich operating companies. The fund’s geographic we

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