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Oregon Investment Fund commits to Sherbrooke Capital, Nth Power13/02/2007. Source: AltAssets. 
 The Oregon Investment Fund has announced an additional round of investment commitments to two venture capital firms. Individual investment amounts were not disclosed, although the new investments will nearly complete Credit Suisse's three-year investment horizon with combined commitments totalling $76m to venture capital and private equity funds, as well as co-investments, according to a statement.
One of the selected venture capital firms is Boston-based Sherbrooke Capital, a firm focusing on investment opportunities in the health and wellness industry. Sherbrooke provides growth and expansion capital to its portfolio companies.
The other selected venture capital firm is Nth Power, a San Francisco-based firm that invests in energy technology businesses. The fund will invest primarily in early stage and emerging companies and may make a few investments in established growth companies.
'These OIF investments will benefit a variety of emerging technologies and companies in the health and wellness, and emerging energy sectors,' said David Almodovar, vice president with Credit Suisse. 'As we continue to develop the portfolio for the OIF the addition of these two funds truly adds a depth and perspective to a programme that should be a benefit to Oregon and the Pacific Northwest for many years to come. We are delighted to have the opportunity to work with two nationally recognised firms in areas that Oregon has particular expertise.'
Though each firm is based outside of Oregon, Sherbrooke manages an office in Portland run by general partner Cory Comstock; and long-time Oregon native Nancy Floyd manages Nth Power's Oregon office and activities.
The OIF is a fund of funds that is managed by Credit Suisse's Customized Fund Investment Group for the Oregon Public Employees Retirement Fund and is overseen by the Oregon Investment Council. Venture capital funds receiving capital commitments from OIF are required to invest primarily in Oregon or Pacific Northwest-based companies.
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