Oregon PERF commits $400m to infrastructure, real estate funds
The $68.5 billion Oregon Public Employees Retirement Fund has committed $400 million to infrastructure and real estate vehicles.
The first commitment was a $150 million allocation to Starwood Capital Group’s Starwood Energy Infrastructure Fund III. The new fund will invest in energy infrastructure assets, particularly natural gas and renewable power generation and transmission assets in the United States.
The fund’s predecessor, Starwood Energy Infrastructure Fund II, held a final close in 2013, raising $983 million in capital commitments. The fund invested in energy infrastructure assets. Starwood Energy also targets both greenfield and brownfield development opportunities.
The second commitment was a $150 million allocation to Lone Star Fund X, which held a$5.6 billion final closing in Novem