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From Precy Dumlao, Opalesque Asia: The State of Oregon’s investment council has announced its commitment to allocate a total of $250m to a second Asian hedge fund managed by U.S. private equity firm KKR, reports indicated.
According to AsianInvestor.net, the council will allocate $200m from the $58.4bn Oregon Public Employees Retirement Fund or Operf, and another $50m from the Oregon Common School Fund.
In 2007, Operf committed $100m to the first Asian fund operated by KKR. The report said that the fund had an internal rate of return of 12.2%.
The KKR Asian Fund II will focus on consumer goods, manufacturing, health care and infrastructure projects in emerging and developed Asian markets. KKR currently operates six offices in Asia and is planning to open a new one in Singapore before the end of this year.
Oregon’s move comes at a time of increased attention in Asia amongst hedge fund investors. Asia-focused hedge fund managers who attended last month’s Opalesque Singapore Roundtable in Singapore, agreed that Asia offers great opportunities for investors and various investment opportunities (See Opalesque Exclusive: ...................... To view our full article Click here
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