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Investors - JUNE 6, 2014

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Oregon PERF approves $425m in noncore real estate commitments

by Reg Clodfelter

The $67.9 billion Oregon Public Employees Retirement Fund has approved $425 million in commitments to noncore real estate, committing $300 million to Lone Star Fund IX and $125 million to Och-Ziff Real Estate Fund III, though the OZRE III commitment is subject to further due diligence & internal reviews. OPERF has invested heavily in noncore strategies in 2014, having committed $300 million to value-added real estate last month.

“We believe the best way to achieve above-market returns is to capture market inefficiencies often found in the private markets for a myriad of reasons, and in this post-GFC recovery market, we have found the ‘flight to quality’ investments highly competitive and often overpriced,”

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