Investors

OREGON PUBLIC EMPLOYEES RETIREMENT FUND

OREGON PUBLIC EMPLOYEES RETIREMENT FUND 2006-09-02 Staff Writer <italic>Head office</italic>Tel: +1 503 378 4111350 Winter Street, NEFax: +1 503 378 6772Suite 100www.ost.state.or.usSalem, OR 97301-3896USAASSETS / FUNDS UNDER MANAGEMENT$57 billionINITIAL PRIVATE EQUITY INVESTMENT1981APPROX. NUMBER

PEI Staff

2 September 2006

<p> OREGON PUBLIC EMPLOYEES RETIREMENT FUND 2006-09-02 Staff Writer <italic>Head office</italic>Tel: +1 503 378 4111350 Winter Street, NEFax: +1 503 378 6772Suite 100www.ost.state.or.usSalem, OR 97301-3896USAASSETS / FUNDS UNDER MANAGEMENT$57 billionINITIAL PRIVATE EQUITY INVESTMENT1981APPROX. NUMBER</p>

Head officeTel: +1 503 378 4111350 Winter Street, NEFax: +1 503 378 6772Suite 100www.ost.state.or.usSalem, OR 97301-3896USAASSETS / FUNDS UNDER MANAGEMENT$57 billionINITIAL PRIVATE EQUITY INVESTMENT1981APPROX. NUMBER OF FUNDS INVESTED IN:131APPROX. CAPITAL COMMITTED TO DATE:$14.27 billion (as of 31 March 2006)AL LOCATION TO PRIVATE EQUITY / ALTERNATIVES9.2 percentPRIVATE EQUITY INVESTMENT APPETITE

	Europe	North America	Asia/Pacific
Generalist	Yes	Yes	Yes
Buyout/Later stage	Yes	Yes	Yes
Venture	Yes	Yes	No
Mezzanine	Yes	Yes	No
Fund of funds	Yes	Yes	No
Turnaround/Distressed	No	Yes	No
Secondary funds	Yes	Yes	Yes
Co-investments/direct	Yes	Yes	Yes
Debut / First time funds Yes	Yes	Yes

CONTACTS:

Mr. John (Jay) Fewel Jr.	Mr. Ron Schmitz
Equity Investment Officer	Investment Manager
Jayb.fewel@state.or.us
Ron.Schmitz@state.or.us
Mr Wei Huang
Investment Officer
Wei.huang@state.or.us

SELECTED FUNDS

FUND NAME	MANAGER	SIZE	YEAR	FUND TYPE
Apollo Investment Fund VI	Apollo Management	$10.1bn	2006	Buyout
CVC Capital Partners Asia Pacific II	CVC Capital Partners	$1.975bn	2005	Buyout
CVC European Equity Partners IV	CVC Capital Partners	€6bn	2005	Buyout
Focus Ventures III	Focus Ventures	$260m	2006	Venture
Granite Ventures II	Granite Ventures	$350m	2005	Venture
KKR European Fund II	Kohlberg Kravis Roberts & Co.	€4.5bn	2005	Buyout
Littlejohn Fund III	Littlejohn & Co.	$650m	2005	Buyout
Montauk TriGuard III	Montauk TriGuard Management	$300m	2005	Secondaries
New Mountain Partners II	New Mountain Capital	$1.55bn	2005	Buyout
Northwest Emerging Ventures II	Grove Street Advisors	$300m	2005	Venture/non-venture
Palamon European Equity II	Palamon Capital Partners	€670m	2005	Buyout/growth
Providence Equity Partners V	Providence Equity Partners	$4.25bn	2005	Buyout/growth
Technology Crossover Ventures VI	Technology Crossover Ventures	$1.4bn	2006	Venture
Vestar Capital Partners V-A	Vestar Capital Partners	$3.7bn	2005	Buyout/growth
Warburg Pincus Private Equity IX	Warburg Pincus	$8bn	2005	Venture/growth/buyout
Wellspring Capital Partners IV	Wellspring Capital Management	$1 bn	2006	Buyout
Source: OPERF, CapitalIQ, Private Equity	International