In an article for the Oregonian Oregon Investment Council state treasurer Ted Wheeler and chair Keith Larson stated private equity has been a top performer in the Oregon Public Employees Retirement Fund since 1981.
And the article stressed that had Oregon not been invested in private equity over the past decade and had backed the stock market instead – the pension fund would have lost out on an estimated $4 billion, that is $400 million less in earnings per year.
For the past decade, the time-weighted annual return for Oregon’s private equity investments was 11.35%, versus 4.71% for the S&P 500.
Oregon is an investor in funds managed by private equity veterans such as Blackstone, KKR and TPG Capital.
This week’s slideshow takes a look at the top performers in Oregon’s portfolio contributing to the pension fund’s private equity performance to date.
The top spot is taken by a global 1996 vintage US-based buyout fund, but is closely followed by a US-based venture fund and another US-based venture fund coming in third.
Oregon has a strong exposure to European buyouts with two European offerings featuring in this top ten. This year, Oregon has also made a $150,400,000 commitment to European powerhouse Apax’s Apax Europe VIII fund.
Scroll down to find out more about Oregon’s star performers.
Image of speedometer courtesy of shutterstock
Vintage Year: 2004
Oregon Commitment: $100,000,000