The Oregon Investment Council has allocated $525 million to KKR’s new buyout fund, Bloomberg reports. The Oregon Public Employees Retirement Fund will commit $500 million, while the Common School Fund will commit the remaining $25 million to the KKR North American XI Fund.
The KKR vehicle, which has a target size of between $8 billion and $10 billion, will invest in large North American companies, adds Business Journal. The fund plans to acquire companies, implement changes and sell the companies for a profit.
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