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Oregon Commits $150 Million to Infrastructure
The $59.6 billion Oregon Public Employees Retirement Fund (OPERF), through its Oregon Investment Council (OIC), has hired infrastructure manager Global Infrastructure Partners II (GIP II), to manage a $150 million commitment. It is the retirement system’s third infrastructure commitment since adopting a 5 percent target allocation to alternatives, including infrastructure, in January.
“The Oregon Investment Council is in the process of adding a new subcategory to its mix of assets and move beyond the traditional fixed income, equity and real estate,” says Rick Sinks, head of communications with OIC. “The alternatives allocation, including infrastructure, was created to help us further diversify our