Oregon Investment Council commits $200M in pension assets to KKR

| Print |  Email
Must Reads
Thursday, May 31, 2012

The Oregon Investment Council committed $200 million in public pension assets and $25 million of the common school fund to private equity fund being raised by Kohlberg Kravis Roberts.

KKR, the king of the leveraged buyouts, manages almost $3 billion -- 6 percent -- of Oregon's $57 billion in pension fund investments. It is the key manager in Oregon's $13.7 billion private equity portfolio, which comprises 190 separate funds run by individual managers.

George Roberts, the "R" in KKR, on Wednesday told the five-member citizens council that oversees pension investments that the $6 billion the state has invested with KKR during the past 30 years has returned $8.6 billion in cash, with remaining investments valued at $2.9 billion. The net annual return to the state, after all fees and profits taken by KKR, is 19 percent, he said.

Read more at OregonLive.com.

{biztweet}oregon investment{/biztweet}

 

More Articles

Leading with the right brain

News
Tuesday, December 09, 2014
120914-manderson-thumbBY LINDA BAKER

On the eve of the Portland Ad Federation's Rosey Awards, Matt Anderson, CEO of Struck, talks about the transition from creative director to CEO, the Portland talent pool and whether data is the new black in the creative services sector.


Read more...

The city as startup

Guest Blog
Wednesday, January 14, 2015
011415 citystartup-thumbBY NISHANT BHAJARIA | OP-ED CONTRIBUTOR

Startups in the growth phase are associated with a fresh infusion of capital — human and financial — a curiosity factor and products to disrupt the market and drive demand. Portland’s economy gives off the same aroma.


Read more...

Corner Office: Marv LaPorte

January-Powerbook 2015
Saturday, December 13, 2014

The president of LaPorte & Associates lets us in on his day-to-day life.


Read more...

7 industry trends of 2015

The Latest
Friday, January 09, 2015
covertrends15-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

Industry groups identify top trends for 2015.


Read more...

A legislative preview — and celebration

News
Friday, January 23, 2015
012315-speaker-thumbBY LINDA BAKER | OB EDITOR

The Northwest Environmental Business Council previews the 2015 legislative agenda as Hatch Oregon celebrates Oregon's new community crowdfunding rules.


Read more...

Editor's Letter: Power Play

January-Powerbook 2015
Thursday, December 11, 2014

There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation.


Read more...

Free Falling

Contributed Blogs
Thursday, December 18, 2014
121714-oilprice-thumbBY JASON NORRIS | OB CONTRIBUTOR

The implosion of the energy complex: The best thing for low oil prices is low oil prices.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS