A criminal investigation by the Oregon Department of Justice found no evidence of wrongdoing involving Oregon Investment Council member Diana Goldschmidt's vote to increase a commitment to Texas Pacific Group, according to a report released today.
The Oregon Investment Council oversees investments of the $48 billion Oregon Public Employees Retirement Fund, Salem. Ms. Goldschmidt was removed from the council in October. The investigation was made at the request of the Oregon Treasurer Randall Edwards.
The vote on the TPG allocation came the same day Neil Goldschmidt, Ms. Goldschmidt's husband and a former Oregon governor, was contacted by TPG about a position as chairman of the board of directors of the Oregon Electric Utility Co., which was to be part of a new TPG fund's portfolio. Ms. Goldschmidt said she was unaware of her husband's involvement at the time of the vote.