The $76.6 billion Oregon Public Employees Retirement Fund has committed $200 million to an energy fund managed by Blackstone, according James Sinks, director of communications and stakeholder relations for the Oregon State Treasury, which runs the pension fund.
The fund, Blackstone Energy Partners III, is an opportunistic energy and natural resource fund. Over the last 15 years, Blackstone has invested in more than $40 billion of infrastructure-related projects globally.
Oregon Public Employees also previously invested $200 million in the fund’s predecessor, Blackstone Energy Partners II.
