The Oregon Investment Council committed $225 million to two unusual investments.
The Oregon Investment Council committed $225 million to two unusual investments.
The citizen’s council that oversees state pension investments approved $125 million to the Talmadge Separate Account to invest in real estate debt — including the kind of mortgage-backed securities that collapsed in value during the financial crisis.
It committed another $100 million to an unconventional private equity fund being raised by alumnae of Kohlberg Kravis Roberts, the buyout shop that is currently one of the largest managers of Oregon pension money.
Read more at OregonLive.com.
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