IREI has learned that the $82 billion Oregon Public Employees Retirement Fund (OPERF) is planning to commit $500 million to Stonepeak Infrastructure Fund IV, a renewables fund managed by Stonepeak Infrastructure Partners.
The pension fund could not be reached to comment at the time of publication.
Targeting $10 billion, Stonepeak Infrastructure Fund IV will invest in the energy, transport, renewables, telecommunications, utilities and water sectors.
Recent backers of the fund include the Teachers’ Retirement System of Louisiana and Seattle City Employees’ Retirement System, with respective commitments of $50 million and $20 million.
OPERF’s new commitment will build on an existing relationship with Stonepeak. In 2017, the pension fund invested $400 million to the fund’s predecessor, Stonepeak Infrastructure Fund III.
