OPERF to raise infra exposure

The $78 billion US pension fund is looking to nearly double its infrastructure investments exposure.

Oregon Public Employees Retirement Fund (OPERF) is set to scale up its infrastructure exposure, nearly doubling its infrastructure assets under management to $2.4 billion. Currently, 25 percent of the pension fund’s total alternatives portfolio is invested in infrastructure, totalling around $1.3 billion.

The pension fund will target to commit to between eight to ten infrastructure funds that are focused on mid- and large-sized assets in energy, transportation, ports, water and telecommunications sectors.

The investor is also aiming to double its long-term allocation target for alternatives to 12.5 percent from the current 6.5 percent.

The investments of OPERF are managed by the Oregon Investment Committee under the Oregon State Treasury.