Investors - MAY 7, 2015

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Oregon commits $150m to debt fund

by Zoë Wolff

The Oregon Public Employees Retirement Fund has committed $150 million to Madison Realty Capital Debt Fund III, according to Anthony Breault, senior real estate investment officer for the Oregon State Treasury.

Breault noted that this is a first-time investment with Madison Realty Capital for Oregon PERF, but the $72 billion pension fund likes Madison’s “excellent sourcing capabilities for the New York and tri-state area market.”

The fund will invest in commercial real estate loans, real estate mezzanine loans and preferred equity investments. Managed by Madison Realty Capital, the fund is aiming for a 16 percent return and is targeting $600 million in investor commitments.  

Other investors in the debt fund have included the $104.3 billion New York State Teacher

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