Oregon State Treasury to adjust target asset allocations

The Oregon State Treasury proposed adjustments to Oregon Public Employee Retirement Fund’s (OPERF) target asset allocations at its Sept. 8 meeting.

Oregon is planning to expand the rebalancing range around the target allocations for illiquid private market classes, such as real estate, real estate and private equity.

The current target allocations for real estate and real assets are 12.5 percent and 7.5 percent, respectively. The new recommended rebalancing range for real estate is 9 percent to 16.5 percent.

Oregon will also increase the private equity portfolio’s target allocation by 2.5 percent while decreasing the public equity portfolio’s target allocation by the same amount. This would keep constant OPERF’s exposure to equity or “economic growth.”