The $69.7 billion Oregon Public Employees Retirement Fund has committed $400 million to Stonepeak Infrastructure Fund II, according to recent meeting documents.
The fund, managed by Stonepeak Infrastructure Partners, focuses on midmarket power, midstream, transportation and communications investments in the United States. It recently received commitments from the New Mexico Educational Retirement Board and the Maine Public Employees Retirement System.
OPERF previously invested $100 million in Stonepeak Infrastructure Fund I, which closed in 2013 after raising $1.65 billion. The pension fund has a 2.5 percent target allocation to infrastructure.