DECEMBER 11, 2012

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Oregon commits $100 million to infrastructure

The Oregon Investment Council, which manages the $58.8 billion Oregon Public Employees Retirement Fund (OPERF), has approved a $100 million commitment to Stonepeak Infrastructure Partners, a company spun off from The Blackstone Group’s infrastructure unit.

Stonepeak Infrastructure Partners was launched in 2011 with a $1 billion fundraising target and will invest in North American energy, water and transportation infrastructure. It has raised $730 million, according to a filing with the Securities and Exchange Commission. A final close is expected during first quarter 2013. Other investors include the New Mexico Educational Retirement Board, TIAA-CREF and Washington State Investment Board.

The $100 million commitment was made on behalf of OPERF's alternatives portfolio, which seeks re

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