Oregon PERS — assets, returns and funding
Pensions: all tracked plans · Australian super in numbers · Private market performance · the PE statistics · what plans disclose · where they diverge
Oregon PERS (Oregon) reported $88.6bn of assets for fiscal year 2025, a one-year investment return of 7.5%, and was 73.2% funded — below the ~80% mark the industry reads as sound.
| Total assets (FY 2025) | $88.6bn |
| 1-year return | 7.5% |
| 5-year return (annualised) | 9.4% |
| 10-year return (annualised) | 7.6% |
| Funded ratio (GASB) | 73.2% |
Private-market managers Oregon PERS invests with
Oregon PERS's disclosures name funds run by the private-market managers profiled here, each matched against that manager's own filings in Oregon Treasury OPERF private equity portfolio. This is not Oregon PERS's full manager roster — its public-market and in-house mandates are not shown.
- KKR — 22 funds matched in Oregon Treasury OPERF private equity portfolio
- TPG — 18 funds matched in Oregon Treasury OPERF private equity portfolio
- CVC — 13 funds matched in Oregon Treasury OPERF private equity portfolio
- Francisco Partners — 10 funds matched in Oregon Treasury OPERF private equity portfolio
- HarbourVest — 9 funds matched in Oregon Treasury OPERF private equity portfolio
- Genstar — 8 funds matched in Oregon Treasury OPERF private equity portfolio
- Oaktree — 8 funds matched in Oregon Treasury OPERF private equity portfolio
- Centerbridge — 7 funds matched in Oregon Treasury OPERF private equity portfolio
- Providence Equity — 6 funds matched in Oregon Treasury OPERF private equity portfolio
- Vista Equity Partners — 6 funds matched in Oregon Treasury OPERF private equity portfolio
- Advent International — 5 funds matched in Oregon Treasury OPERF private equity portfolio
- Apollo Global Management — 4 funds matched in Oregon Treasury OPERF private equity portfolio
- Blackstone — 4 funds matched in Oregon Treasury OPERF private equity portfolio
- Cinven — 4 funds matched in Oregon Treasury OPERF private equity portfolio
- Hellman & Friedman — 4 funds matched in Oregon Treasury OPERF private equity portfolio
- Vestar Capital — 4 funds matched in Oregon Treasury OPERF private equity portfolio
- Wellspring Capital — 4 funds matched in Oregon Treasury OPERF private equity portfolio
- Clearlake — 3 funds matched in Oregon Treasury OPERF private equity portfolio
- OrbiMed — 3 funds matched in Oregon Treasury OPERF private equity portfolio
- Permira — 3 funds matched in Oregon Treasury OPERF private equity portfolio
- Thoma Bravo — 3 funds matched in Oregon Treasury OPERF private equity portfolio
- Bridgepoint — 2 funds matched in Oregon Treasury OPERF private equity portfolio
- Warburg Pincus — 2 funds matched in Oregon Treasury OPERF private equity portfolio
- General Atlantic — 1 fund matched in Oregon Treasury OPERF private equity portfolio
- Hamilton Lane — 1 fund matched in Oregon Treasury OPERF private equity portfolio
- Nordic Capital — 1 fund matched in Oregon Treasury OPERF private equity portfolio
How the money is invested (asset allocation)
Oregon PERS held 33.3% of its assets in private equity and 25.4% in fixed income (bonds) for fiscal year 2025 — the largest of 5 sleeves it reports, with the rest below:
| Private equity | 33.3% |
| Fixed income (bonds) | 25.4% |
| Real estate | 17.8% |
| Commodities | 13.6% |
| Hedge funds | 9.9% |
Compare Oregon PERS with similar plans
The plans most worth reading Oregon PERS against — similar in size, or invested in the same managers — side by side, each with its own page for the detail:
| Plan | Assets | 1-yr return | Funded ratio | Why comparable |
|---|---|---|---|---|
| California PERF (CalPERS) | $563.0bn | 11.6% | 71.3% | Backs 17 of the same managers |
| California Teachers (CalSTRS) | $370.2bn | 8.5% | 76.7% | Backs 17 of the same managers |
| New York City (NY) Police | $56.3bn | 9.3% | 85.5% | Backs 15 of the same managers |
| LA County (CA) ERS | $86.2bn | 9.7% | 82.0% | Similar size |
| Ohio Teachers (STRS Ohio) | $92.7bn | 10.4% | 80.9% | Similar size |
| New York City (NY) ERS | $93.1bn | 10.1% | 82.2% | Similar size |
Questions this page answers
How much does Oregon PERS have in assets?
Oregon PERS reported $88.6bn in total assets for fiscal year 2025, as compiled by the Public Plans Database.
What return did Oregon PERS make on its investments?
Oregon PERS reported a 7.5% one-year investment return for fiscal year 2025, and 7.6% a year over the past ten years, per the Public Plans Database.
Is Oregon PERS fully funded?
Oregon PERS was 73.2% funded for fiscal year 2025 — below the ~80% mark many treat as reasonably sound. US public plans face no federal funding minimum, and actuaries add that the trend matters more than any single line (Public Plans Database).
How is Oregon PERS's money invested?
Oregon PERS held 33.3% of its assets in private equity and 25.4% in fixed income (bonds), its largest sleeves for fiscal year 2025 (Public Plans Database).
How have Oregon PERS's private-equity funds performed?
Oregon PERS discloses fund-by-fund private-market returns — see them in the performance tool, each fund with its net IRR and multiple as Oregon PERS reports it.
See also: all tracked plans · how the private-equity funds these plans invest in have actually performed, from the plans' own disclosures: private market performance, and where plans' numbers diverge on the same fund.