Oregon Investment Council

Overview

The Oregon Investment Council is responsible for overseeing the investment and allocation of all State of Oregon trust funds, including the Oregon Public Employees Retirement Fund, the Common School Fund, and the State Accident Insurance Fund. The council comprises five voting members appointed by the governor and two ex officio members: the State Treasurer and the director of the Public Employees Retirement System. Council members are fiduciaries, ensuring the prudent management of state assets. The council convenes eight times annually, with meetings open to the public and opportunities for public comment. Investment decisions are guided by the council's Investment Policy Statement for the Oregon Public Employees Retirement Fund (OPERF). The council's investment strategy encompasses a diversified portfolio, including fixed income, private equity, real estate, and venture capital, with a focus on growth, late-stage, pre-IPO, buyout, turnaround, and distressed investments. The council's investment philosophy emphasizes prudent risk management, transparency, and accountability to safeguard the financial interests of Oregon's public employees and retirees. Through its strategic investments, the council aims to achieve optimal returns while supporting the state's economic development and public welfare. The council's track record reflects a commitment to responsible investing, balancing financial objectives with social and environmental considerations to promote sustainable growth and stability for Oregon's public trust funds.