Oregon PERF to allocate $300m to core property fund
The $68.5 billion Oregon Public Employees Retirement Fund is planning to commit up to $300 million to JP Morgan Asset Management – Global Real Assets’ JPMCB Strategic Property Fund, according to a board-meeting document.
The core, open-end JPMCB Strategic Property Fund invests in office, industrial, multifamily and retail properties throughout the United States. The commitment would represent a new relationship with J.P. Morgan Investment Management and Oregon PERF.
Recent investors in the JPMCB Strategic Property Fund include the California State Teachers’ Retirement System, New York State Common Retirement Fund,