The Oregon Investment Council (OIC) has set a pacing target range of $1.5 billion to $2 billion of real assets commitments for the Oregon Public Employees Retirement Fund (OPERF) in 2023.
They would be spread out in five to 10 commitments, each with a commitment range between $150 million and $350 million. The pacing target of $1.75 billion remains unchanged from previous years.
The real assets portfolio consists of infrastructure and natural-resources investments.
Priorities under the pacing plan also include enhancements to monitoring and risk-management efforts; formalizing ESG and DE&I integration across the broader alternatives program; conducting research reviews of areas of interest, such as energy transition, and metals & mining.
During 2022, OIC and the Oregon State Treasury (OST) authorized $2.75 billion in commitments across 14 investments. All the commitments were re-ups or expansions of existing relationships.
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