Friday, 21 October 2016
Last updated 24 min 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.