Oregon Investment Council (OIC)

Oregon Investment Council (OIC)

The Oregon Investment Council manages assets for the state's public retirement system under the oversight of the Oregon State Treasury. Elizabeth Steiner acts as State Treasurer and voting member of the council. The structure traces to state-level pension administration rather than any single family or private founder. Allocations span public equities, private equity, infrastructure, and real estate. Public positions include NVIDIA, Microsoft, Apple, Amazon, and Blue Owl Capital Corp as of the Q3 2025 13F filing. Private commitments cover Alpine Investors VIII, Centerbridge Capital Partners V, Clearlake Capital Partners VIII, and Willamette Investment Partners. Real estate exposure includes LBA Oregon Core Industrial and LBA Logistics Value Fund X. Geographic reach centers on North America with additional global infrastructure and energy holdings. Assets total $137.7 billion. The council works with external advisors including Aksia, Meketa Investment Group, and Pathway Capital Management. It maintains two related vehicles: the Common School Fund established in 1859 and the Oregon Environmental Restoration Fund launched in 2024 with initial assets near $560 million. January 2026: the council held a regular meeting that reviewed diversifying strategies and private equity performance. Governance occurs through appointed and elected members who meet regularly and report to the State Treasurer. The council holds membership in the Council of Institutional Investors and is a signatory to the Principles for Responsible Investment, which shapes its approach to proxy voting and sustainability factors.