Thursday, August 9, 2007

OIF Adds DFJ Frontier, Makes Investment In ClearAccess

The Oregon Investment Fund, the venture capital fund of funds capitalized by the State of Oregon, said today that it has made an investment commitment to DFJ Frontier, an early stage investment fund that is an affiliate of Draper Fisher Jurvetson. The OIF said that as a result of the funding, DFJ Frontier has made an investment in Portland-based ClearAccess, a provider of remote management technology. Amount of the investment in ClearAccess was not disclosed. The Oregon Investment Fund is managed by Credit Suisse. According to the OIF, the investment is the eighth Oregon and Pacific Northwest company to receive investment dollars from OIF's stable of funds.