Oregon Investment Council, Tigard, which manages the $55 billion Oregon Public Employees’ Retirement Fund, Salem, committed $100 million to GSO Capital Opportunities Fund II, subject to negotiations, said council spokesman James Sinks in an interview.
The GSO fund, which has a $3 billion target, offers junior capital for leveraged buyouts, recapitalizations, acquisitions and growth financing transactions primarily in the U.S. and Western Europe. Blackstone Group owns a majority interest in GSO.
Oregon PERF had committed $100 million to GSO Capital Opportunities Fund I in 2008. The first fund has a 9.2% net IRR.
