The $100 billion Oregon State Treasury has been one of the longest-standing investors in private equity, a pioneering move that served it well.
In 2025 the allocation to private equity pushed beyond the outer policy allocation limit – 28 per cent of the fund – prompting the fund to take a close look at the asset class.
In this conversation Top1000funds.com editor Amanda White speaks to Oregon State Treasurer, Elizabeth Steiner, about the future role and expectations of private equity, how a maturing of the asset class puts pressure on returns, and the private/ public asset mix in the fund’s four-yearly asset allocation review which has just begun.
