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

Photo log: Murray's Pharmacy

The Latest
Friday, July 17, 2015
OBM-Heppner-Kaplan thumbBY JASON KAPLAN

Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner.  The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.


Read more...

Baby. Boom!

September 2015
Wednesday, August 26, 2015
BY LINDA BAKER

A new co-working model disrupts office sharing, child care and work-life balance as we know it.


Read more...

Reader Input: Fair Play

May 2015
Wednesday, July 15, 2015

Former Governor John Kitzhaber's resignation in February prompted some soul searching in this state about ethical behavior in industry and government.


Read more...

Ranking the airlines that fly PDX

The Latest
Friday, August 14, 2015
airlinesthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

17 airlines make stops at Portland International Airport, but not all are created equal when it comes to customer service.


Read more...

Business partnerships: taming the three-headed monster

Contributed Blogs
Monday, July 06, 2015
070615-businessmarriagefail-thumbBY KATHERINE HEEKIN | OB GUEST COLUMNIST

Picking a business partner is not much different than choosing a spouse or life partner, and the business break-up can be as heart-wrenching and costly as divorce.


Read more...

Department of Self-Promotion

Linda Baker
Tuesday, August 04, 2015

061715-awards1Oregon Business wins journalism awards.


Read more...

Best Foot Forward

July/August 2015
Monday, July 13, 2015
BY CHRIS NOBLE

Whether you're stepping out to work or onto the track, Pacific Northwest shoe companies have you covered.


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