Oregon Investment Council, Tigard, which runs the $57.9 billion Oregon Public Employees Retirement Fund, Salem, committed $100 million to private equity fund Avista Capital Partners III and $75 million to RK Mine Finance Fund II, which invests in the metals and mining sector, said James Sinks, spokesman for the council in an e-mail.
Oregon Investment Council previously invested $100 million in Avista Capital Partners II. The new fund has a $2 billion target and aims to take majority or influential minority stakes in energy, media, consumer and industrial companies.
RK Mine Finance Fund II is managed by Red Kite Group, a firm that focuses on the metals sector. The new real asset private equity fund has a $750 million target, according to materials from Wednesday's council meeting.