Oregon PERF considers €200m commitment to infrastructure fund
The $68.5 billion Oregon Public Employees Retirement Fund is considering a €200 million ($209 million) commitment to EQT Infrastructure III, according to a board-meeting document.
EQT Infrastructure III, managed by EQT Partners, is a closed-end fund that invests in European infrastructure. The fund is seeking €2.9 billion ($3.0 billion) of capital commitments with a €4.0 billion ($4.2 billion) hard cap.
EQT Infrastructure III is a continuation of the investment strategy from its predecessors, EQT Infrastructure I, which raised €1.2 billion ($1.3 billion) in 2008, and EQT Infrastructure II, which raised €1.9 billion ($2.0 billion) in 2013.
In addition, OPERF has approved the commitment of up to $300 million to JP Morgan Asset Management – Global Real Assets’ JPMCB Strategic Property Fund. The pension fund