Deals
Oregon Pledges $525 Million to KKR’s New Buyout Fund
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The Oregon Investment Council approved a $525 million commitment to KKR’s new buyout fund, helping the New York-based firm toward a target of raising between $8 billion and $10 billion.
Oregon’s fees in the new KKR North American XI Fund will be the lowest the state has paid for any KKR fund it has invested in, said James Sinks, a spokesman for the Oregon State Treasury, in an interview. Sinks couldn’t immediately provide details of the fees.