Bloomberg news: Oregon Pledges $525 Million to KKR's New Buyout Fund

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ncallahan@rosemontseneca.com

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2011-01-27 14:38:19

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'Alexandra Stanton' <astanton@rosemontseneca.com>

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'Hunter Biden' <hbiden@rosemontseneca.com>

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mxl@tlcorplaw.com

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I bet "low fees" means no management fees, perhaps just paying hard
expenses. The head of the Canadian Teachers Fund ($100B) said on CNBC
yesterday that he does not understand why any Pension Fund would pay a
management fee to a fund manager.


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.

http://www.bloomberg.com/news/2011-01-26/oregon-pension-will-commit-525-mill
ion-to-kkr-s-10-billion-buyout-fund.html

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