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

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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.

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