Stages:

• Early
• Expansion
• Growth

 

Industries:

Information Technology

Life Sciences & Healthcare

Manufacturing & Industrial

 

Description:

In July 2003, HB 3613 was passed in the Oregon State Legislature and enacted a mandate for the Oregon Investment Council (OIC) to design and implement a $100M program that encourages the growth of small businesses within the state of Oregon. To accomplish this mandate the OIC chose to develop a fund of funds, the Oregon Investment Fund (OIF). This fund, which is capitalized by funds from the OIC, has committed capital to private equity and venture capital funds that in turn invest in companies located primarily in the state of Oregon or the Pacific Northwest region. OIF chooses funds that make investments in venture capital, growth capital or later-stage buyout companies that could ultimately benefit start-up companies coming out of Oregon universities and colleges. In addition, a percentage of the assets of the OIF may be invested directly into operating companies alongside the OIF's private equity and venture capital managers. As of 2011, the OIF has invested $298 million in 44 Oregon and Pacific Northwest companies. The OIC chose Credit Suisse's Customized Fund Investment Group to develop and manage this Fund on a discretionary basis. Because Oregon possesses identifiable expertise in high technology, microtechnology, advanced textiles, and healthcare, OIF's portfolio includes companies in these sectors.