Friday, March 7, 2008

Oregon Investment Fund Makes Investments, Reports Results

The Oregon Investment Fund (OIF), the investment fund of funds managed by Credit Suisse for the Oregon Public Employees Retirement Fund, said Friday that it has made two new investments in local companies. The firm also reported results of its investment efforts, saying that its portfolio funds have invested $84M in Pacific Northwest Companies in 2007. According to the OIF, the funds impacted more than 2,767 people at the companies it invested in. The OIF said that it also invested additional capital into Riverlake Partners, a Portland-based private equity firm, and also made a direct investment into Criterion Supply, a Portland installer of floor coverings to multi-family property management firms. Wedbush Capital partners also invested in Criterian Supply alongside the OIF. The Oregon Investment Fund now has $157M under management, spread across both early stage and private equity funds. Credit Suisse manages the fund for OPERF.