Oregon Investment Council (OIC)

This council invests all State of Oregon funds, including the Oregon Public Employees Retirement Fund and the State Accident Insurance Fund.

Oregon Investment Council Members

Appointed Members

Richard B. Solomon, Chair Certified Public Accountant 09/27/2004 - 01/31/2006 02/01/2006 – 01/31/2010 02/01/2010 – 01/31/2014	Mr. Solomon has been a Certified Public Accountant for over 35 years. He formed his own CPA firm in 1981, specializing in tax and business planning. He chaired the OIC from 2006 to 2008, and has served on many boards and commissions including the Oregon Lottery Commission, the Oregon State Bar's Professional Liability Fund and the Portland State University Foundation. He currently is a member of the Oregon Jewish Community Foundation’s Investment Committee, Planned Parenthood Columbia/Willamette’s Investment Committee and the board of Congregation Beth Israel. Mr. Solomon was appointed by Governor Kulongoski on August 12, 2004 and confirmed by the Oregon Senate on November 18, 2004. He was reappointed by Governor Kulongoski on December 12, 2005 and confirmed on April 6, 2006.
Katherine J. Durant, Vice-Chair Atlas Investments, LLC 06/01/2005 - 09/19/2006 09/20/2006 – 09/19/2010 09/20/2010 – 09/19/2014	Ms. Durant has worked in real estate investment for more than 20 years, and has served on both the Oregon Growth Account Board and the Oregon Investment Fund board, in addition to her service to the OIC. She is currently the Managing Partner at Atlas Investments, a real estate development and holding company in Portland, Oregon, specializing in retail and industrial properties. She has a B.S. in Business Administration from Pepperdine University, and a M.B.A. in Finance from Willamette University. Ms. Durant was first appointed to the OIC by Governor Kulongoski on May 12, 2005 and confirmed by the Senate on June 1, 2005. She was reappointed by Governor Kulongoski on November 9, 2006 and confirmed on November 30, 2006.
Keith Larson Intel Capital 10/1/2007-9/30/2011 10/1/2011-9/30/2015	Mr. Larson's experience in investment and finance stretches more than 25 years. He is currently the Vice President and Managing Director of Strategic Investments at Intel Corporation, where he has held various leadership roles involving strategic investments for more than ten years. He has served on boards of directors for government commissions, companies, and educational and charitable institutions. Mr. Larson has a B.S. in Business Administration from the University of Southern California. Mr. Larson was appointed by Governor Kulongoski on August 20, 2007 and confirmed by the Oregon Senate on September 13, 2007.
Rukaiyah Adams The Standard 05/01/2013 – 01/22/2014 1/23/2014 - 1/22/2018	Ms. Adams currently manages the capital markets investment group at The Standard. Formerly, she was the Chief Operating Officer and Director of Investments at IAM Asset Management. Ms. Adams was involved in the 2008 USA presidential election as a voter rights lawyer for Counsel for Change, the Obama campaign's legal team. She serves on the board of Portland Center Stage and the finance committee of Planned Parenthood, Columbia-Willamette Valley. Ms. Adams holds a BA from Carleton College, a JD from Stanford University and an MBA from Stanford University. Ms. Adams's appointment by Governor Kitzhaber was confirmed by the Senate on April 30, 2013.

Members by Position

Ted Wheeler (by position)
State Treasurer

Ted Wheeler is currently the Treasurer of the State of Oregon, having taken office on March 11, 2010. Treasurer Wheeler previously served as the elected chairman of Multnomah County. Prior to his government service, Treasurer Wheeler worked in the financial services industry was a senior manager of an investment firm. He earned a BA degree in Economics from Stanford University, an MBA from Columbia University and a Masters in Public Policy from the John F. Kennedy School of Government at Harvard University.

The State Treasurer is a voting member of the OIC per ORS 293.706(4).

Paul Cleary (by position)
Director, Public Employees Retirement System

Mr. Cleary has served as the Executive Director of the Public Employees Retirement System since June of 2004. He is responsible for administration of the statewide retirement system serving more than 345,000 members, retirees and beneficiaries. Before joining PERS, Mr. Cleary helped steward state resources as Director of the Oregon Water Resources Department and Director of the Oregon Department of State Lands, as Deputy Director of the Wyoming Sate Land and Farm Loan Office, and as natural resource advisor to the Wyoming Governor's office. Mr. Cleary has a B.S. from Trinity College in Hartford, Conn., and a M.S. from the University of Wyoming.

The Director of the Public Employees Retirement System is an ex-officio member of the OIC with no voting power, per ORS 293.706(5).