Wednesday, 22 October 2014
Last updated 11 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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