Oregon Investment Council allocates $795m to alternative investments

The Oregon Investment Council, which oversees the $100.1bn Oregon Public Employees Retirement Fund, committed $795m across multiple alternative investment funds, reinforcing its strategy of diversifying its portfolio.

The latest commitments include $350m to KKR North America Fund XIV, a megacap buyout fund managed by KKR, and $165m to Sixth Street Specialty Lending Europe III, a direct lending fund operated by Sixth Street Partners. The council has also allocated $150m to Advent Latin America Private Equity Fund VIII, a fund managed by Advent International. It also allocated $75m to GTCR Strategic Growth Fund II, a middle-market buyout vehicle.

Additionally, the investment council has committed $25m to LS Power V Clearlight Energy Co-investment, an investment alongside LS Power Equity Partners V, managed by LS Power Group. The Oregon Common School Fund, which manages $2.3bn in assets, has also allocated $15m each to KKR North America Fund XIV and GTCR Strategic Growth Fund II.

These commitments underscore Oregon Investment Council’s focus on private equity, direct lending, and infrastructure investments as it seeks long-term growth in its alternative assets portfolio.

Source: Private Equity Wire

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