Subject: Bloomberg news: Oregon Pledges $525 Million to KKR's New Buyout Fund
From: "Neil Callahan" <[email-masked]>
To: "'Hunter Biden'" <[email-masked]>, <[email-masked]>, "'Alexandra Stanton'" <[email-masked]>
Date: Thu, 27 Jan 2011 09:38:19 -0500

I bet "low fees" means no management fees, perhaps just paying hard
expenses.  The head of the Canadian Teachers Fund ($100B) said on CNBC
yesterday that he does not understand why any Pension Fund would pay a
management fee to a fund manager.  

The Oregon Investment Council 
approved a $525 million commitment to KKR's new buyout fund, 
helping the New York-based firm toward a target of raising 
between $8 billion and $10 billion. 

http://www.bloomberg.com/news/2011-01-26/oregon-pension-will-commit-525-mill
ion-to-kkr-s-10-billion-buyout-fund.html