Oregon PERS approves $350m in commitments

The US public pension has backed four PE focused funds.

Institution: Oregon Public Employees’ Retirement System
Headquarters: Tigard, United States
AUM: $79.07bn
Allocation to alternatives: 43.75%
Bitesize: $50-$100m

Oregon Public Employees’ Retirement System announced $350 million-worth of private equity commitments to four vehicles, a source at the pension informed Private Equity International.

The commitments include $250 million to Francisco Partners VI, $50 million to Francisco Partners Agility Fund II, $30 million to Mayfield XVI, and $20 million to Mayfield Select II.

The US public pension has a 17.5 percent target allocation to private equity that currently stands at 22.58 percent.

As illustrated below, OPERS has historically committed to buyouts and venture capital funds.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.