Oregon loses second PE investment officer this year

Sam Green’s 30 June exit from the $73bn pension will follow the departure of Andy Hayes, who joined First Avenue in January.

The Oregon State Treasury’s private equity investment officer is leaving his position at the end this month.

Sam Green, who has been serving in the private equity investment team of Oregon State Treasury since 2008, is planning to depart the $73 billion pension on 30 June, an Oregon spokesman told Private Equity International

Salem-based Oregon State Treasury’s Oregon Public Employees Retirement Fund allocates 19.5 percent of its assets to private equity as of 31 March.

The spokesman did not specify the reason for Green’s upcoming departure. No search for a replacement has yet been announced, and the spokesman could not comment by press time if a search had begun.

According to Green’s LinkedIn profile, Green’s responsibilities include screening, underwriting, negotiating and monitoring private equity investments, maintaining relationships with managers and serving on several limited partner advisory committees for those managers.

During Green’s tenure, OPERF’s private equity portfolio grew from $9 billion in 2008 to $14 billion in April 2017, according to OPERF performance reports.

Prior to joining Oregon State Treasury, Green was a private equity investment officer at the $116 billion Washington State Investment Board, where he spent 19 years, his LinkedIn showed.

Oregon State Treasury’s 7 June investment council meeting materials indicate there will be two vacant private equity investment officer seats once Green departs.

The other vacancy is from the departure of Andy Hayes, who left Oregon State Treasury in January to join placement agent First Avenue Partners as principal, according to Hayes’ LinkedIn.