Sunday, 25 January 2015
Last updated 2 days ago
Jun 23 2006 | 9:03pm ET
The Oregon Public Employees Retirement Fund will invest up to $48 million of its $105 million Oregon Investment Fund in four private equity firms.
The fund will commit $5-12 million each to Wedbush Capital Partners, Burrill Life Sciences Fund III, Voyager Capital Fund III and Nth Power IV.
The firms, based outside Oregon, will set up offices in the state.
Wedbush is a lower middle-market private equity firm; Burrill is an early-stage life sciences venture capital firm; Nth Power is a sustainable and renewable energy fund; and Voyager is a technology venture capital firm.
The state expects to make further investments shortly. "We expect to announce a couple of more deals in the near future to further our commitment to promising young companies in the state of Oregon," said State Treasurer Randall Edwards.
The Oregon Investment Fund, established in February 2004, is a fund-of-funds that invests in regional opportunities and is managed by Credit Suisse.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…