Oregon Investment Fund Commits To Four PE Funds

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.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...