The moves come as a wave of activist pressure sweeps up against major LPs.
Staff hopes to increase private equity commitments by as much as $700m from 2019.
Commitments include funds from Insight and EagleTree, among others.
Oregon plans to make between 10 and 15 commitments of $100mn to $500mn in 2020, staff said.
The $254bn pension will slowly raise the allocation in a series of "steps," but will not commit to a hard timeline for the process.
Recently, I have noticed a tension between a public pension’s duty to its stakeholders and its role as a limited partner in the private equity industry. The first demands openness, while the second is defined by discretion. I expect this dynamic to become more pronounced in 2020. Pensions want private equity portfolios. With many of […]
Most LPs expect private equity returns greater than 5 percent.
Commitments include $600m to Lexington Partners and a separate account with Asia Alternatives.
The system's private equity portfolio sits at $1.3 billion.
Émond in late 2019 was appointed to lead Caisse de dépôt et placement du Québec's global private equity strategy.