Oklahoma pension fund increases PE allocation

Unquote understands that this move comes as the $2.5bn pension fund is seeking to increase equity positioning for better performance, and reduce the exposure to long/short.

The US pension scheme plans to add additional commitments of $150m in order to meet the new asset allocation. The timeline has not been discussed yet, but it is expected to be at least two years, a source told Unquote.

OPPRS has invested 8% and 14.4% of its portfolio to private equity and long/short as of April 2019, respectively, versus a target allocation of 10% and 15%.

The pension scheme has recently committed to TA XIII and Warburg Pincus Global Growth Fund.

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• Topics
• LPs
• United States
• Fund performance
• Warburg Pincus