The $90 billion Oregon Public Employees Retirement Fund (OPERF) has disclosed a $200 million commitment to Oak Street Real Estate Capital Fund VI, a value-add fund managed by Oak Street Real Estate Capital.
Oak Street Real Estate Capital Fund VI focuses on single-tenant, triple-net lease assets across the United States. It opened to investors in June and has a fundraising target of $4 billion.
This was a re-up commitment, according to a spokesperson for the pension fund. Oregon previously invested $200 million in the fund’s predecessor, Oak Street Real Estate Capital Fund V.
As of September, OPERF had a 14.7 percent allocation to real estate, against a 12.5 percent target allocation. The portfolio was valued at $13.2 billion.
For more information about this fund or others, visit the IREI.Q database.
