Oregon Investment Fund

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 $551.2 million of capital invested by OIF’s funds and co-investors in Oregon and Pacific Northwest companies as of December 31, 2010.

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, 2010, the OIF has accomplished a number of very meaningful milestones:

• Committed $121.7 million to 13 funds and invested $7.5 million directly into four companies in Oregon.
• Invested $215 million in 39 Oregon and Pacific Northwest companies. Other equity coming into these investments from outside the OIF totals $336 million. This $551.2 million represents a 7.1x leveraging of OIF capital to date.
• In 2010, influenced approximately 3,700 jobs in Oregon and Pacific Northwest companies, including 1,254 jobs in Oregon.
• Grew the number of individual investments in Oregon and the Pacific Northwest companies to 39 of which 22 are either headquartered in Oregon or have significant operations in the State.

The OIF was designed to encourage, to build and to invest in growing, innovative enterprises creating returns for the Oregon Public Employees Retirement Fund.