Institutional Investors

Oregon allocates $50m to Reservoir Capital


The Oregon Investment Council, which has carried a 5% alternatives target allocation on top of its long-standing private equity portfolio, tapped Reservoir Capital for a $50 million allocation earlier this year.

The specific hedge fund chosen by the $58 billion state pension was Reservoir Strategic Partners Fund, which is also a holding in the hedge fund portfolios of Texas Teachers Retirement System and New Jersey State Investment Council.

Last autumn, officials made a $100 million commitment to AQR Delta Fund, a multi-strategy hedge fund portfolio that seeks exposure to strategies such as global macro,