The Oregon Investment Council approved another $250 million commitment of public pension money to Kohlberg Kravis Roberts.
The commitment is a follow on investment to a North American buyout fund that Oregon put $525 million into in 2011. KKR is the largest single manager of Oregon pension money, with some $2 billion invested.
Despite big distributions from private equity managers this year, the pension fund still has some 22 percent of its portfolio allocated to private equity, well above its 16 percent target. The council shows little sign of taking its foot off the gas, however, and is considering a change to its target investment mix that would accommodate its current exposure to the sector.
Read more at OregonLive.com.