Oregon State Treasury approves $500m commitment

The US public pension has backed a Blackstone private equity fund.

Institution: Oregon State Treasury
Headquarters: Salem, United States
AUM: $103.50bn
Allocation to alternatives: 38.20%
Bitesize: $100-200m

Oregon State Treasury has agreed to commit $500 million to Blackstone Capital Partners VIII, according to a source at the firm. The fund, as with previous funds in the series, has a diversified strategy and will invest in multiple regions throughout the world.

The $103.50 billion US public pension has a 17.50% target allocation to private equity that currently stands at 20%.

As illustrated in the charts below, Oregon State Treasury has allocated 38.20% to alternative assets. It is the first commitment to a private equity fund that the pension has announced in 2019.

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