The Oregon Public Employees' Retirement Fund (OPERF), through its Oregon Investment Fund (OIF) subsidiary, is an investor in the third fund of Vancouver-based Chrysalix Energy. Chrysalix Energy III has now raised more than USD 100 million and expects to reach a final close of USD 150 million by March 2010. It has already begun investing in small to mid-sized companies within the clean energy technology sector. OIF is a fund of funds managed by Credit Suisse Customized Fund Investment Group that started as an initiative to increase venture capital investment in the Pacific Northwest of the US. All investments are made for the benefit of OPERF and its 300,000 current and former state and local government employees. OPERF’s investments, which total approximately USD 51 billion, are managed by the Oregon State Treasury.
Other LPs in the fund, hailing from North America and Europe, include Delta Lloyd Insurance, corporate investor Essent, Finnish National Fund for Research and Development (Sitra), and Canada’s Fondaction. Preqin’s Investor Intelligence database includes 270 LPs known to have made commitments in the last five years to dedicated cleantech funds. Approximately 28% of these investors are known to have invested in more than one dedicated cleantech fund. Investor Intelligence also includes 435 investors known to have made commitments to funds allocating a portion of capital to cleantech, with approximately one-third of these known to have invested in more than one fund including cleantech as part of its focus.
For more information on institutional investors in private equity, please see Preqin’s Investor Intelligence.