Monday, 8 February 2016
Last updated 2 days ago
Jun 6 2012 | 9:39am ET
A pair of Oregon public funds is pouring $250 million into a Kohlberg Kravis Roberts Asia-focused hedge fund.
The state's Investment Council approved the spend by the Oregon Public Employees Retirement Fund and Oregon Common School Fund, Asian Investor reports. The former has committed $200 million to KKR Asian Fund II and the latter $50 million.
OPERF, which has $58.4 billion in assets, invested $100 million in KKR's first Asian fund five years ago. The investment has paid off, with an internal rate of return of 12%.
The new KKR Asian fund will focus on the consumer, manufacturing, healthcare and infrastructure sectors, in both developed and emerging markets n the region.