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Investing – Few of the millions the Legislature has marked for venture capital get back to Oregon

Four years after the Legislature pushed the state-run pension fund to plow $100 million into Oregon-based business startups, only $7 million has found its way into businesses and just a fraction of that into businesses in Oregon.

That’s the status of the Oregon Investment Fund, according to Credit Suisse First Boston, which the Oregon Investment Council hired to manage the effort in January 2004.

TED SICKINGER

Full Story: http://www.oregonlive.com/business/oregonian/index.ssf?/base/business/1171427140116000.xml&coll=7

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Fund isn’t filling the gap

Three years on, Oregon’s venture investment fund has "done a terrible job," says the man who helped create it

When the Oregon Treasury and state investment council launched the state’s $105 million venture investment fund three years ago, it was hailed as a way to help fill the gap between the state’s promising young companies and the cash they needed to grow.

Full Story: http://www.oregonlive.com/editorials/oregonian/index.ssf?/base/editorial/1171068956207920.xml&coll=7

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This happened the day after the articles appeared…

Oregon Investment Fund commits to Sherbrooke Capital, Nth Power

The Oregon Investment Fund has announced an additional round of investment commitments to two venture capital firms. Individual investment amounts were not disclosed, although the new investments will nearly complete Credit Suisse’s three-year investment horizon with combined commitments totalling $76m to venture capital and private equity funds, as well as co-investments, according to a statement.

Full Story: http://www.altassets.com/news/arc/2007/nz10295.php

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Many thanks to the NASVF for bringing these articles to our attention.

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