OIF Fund Progress
The Oregon Investment Fund (the “OIF”) is managed by Credit Suisse’s Customized Fund Investment Group (“CFIG”). The group’s activities include: sourcing premier funds, performing comprehensive due diligence, investment execution, and monitoring and reporting. Since the inception of the OIF, the net impact to Oregon has been approximately $334 million of capital invested by OIF’s funds and co-investors in Oregon and Pacific Northwest companies as of December 31, 2008.
The OIF has committed and invested its funds on behalf of the Oregon Public Employees Retirement Fund (“OPERF”) and created value in the portfolio for the benefit of OPERF and its constituents. As of December 31, 2008, the OIF has accomplished a number of very meaningful milestones:
- Committed $114 million to 12 funds and invested $5.5 million directly into three companies in Oregon.
- Invested $139 million in Oregon and Pacific Northwest companies, representing an increase of more than $81 million since 2007.
- Influenced approximately 3,088 jobs in Oregon and Pacific Northwest companies, an increase of 1,385 positions.
- Grown the number of investments in Oregon and the Pacific Northwest companies to 24 of which 19 are either headquartered in Oregon or have significant operations in the State.
- Attracted $195 million in capital from additional investors, an increase from 2007 of $150 million.
The OIF was designed to encourage, to build and to invest in growing, innovative enterprises creating returns for the Oregon Public Employees Retirement Fund.