Oregon Investment Fund beefs up local investments

Administrators of a fund designed to fuel state pension coffers caught flak last year for not investing enough money locally.

Yet the Oregon Investment Fund is gaining new fans, at least among companies that have received its disbursements and the capital firms through which it invests.

The fund has now committed more than $94 million to 10 venture capital, buyout and seed-stage funds. It also plans to commit another $10 million to an 11th fund.

Once the new fund is completed, the overall $108 million worth of investments will mark about a 25 percent increase from the end of 2006.

Portland Business Journal – by Andy Giegerich Business Journal staff writer

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