Oregon PERF to Grow Infrastructure Portfolio

Move is part of a $3 billion inflation hedge.

The $77 billion Oregon Public Employees Retirement Fund will be investing in five infrastructure strategies this year, according to a board meeting report.

The fund will grow the infrastructure portion of its portfolio from $1.3 billion to $2.4 billion. Oregon PERF will be seeking global strategies made to boost telecommunications and infrastructure debt.

This move will partially form the fund’s plan to invest $3 billion in alternative investments this year. The plans also include US timberland and farmland investments, which will be made through funds, separate accounts, and co-investments. This decision was made to provide a hedge against inflation, with returns expected to be at least 400 basis points above the consumer price index.

The state pension plan also seeks to grow the eight managers it invests with to between 10 and 12 over time, IPE reports.

Tags: , ,