Oregon State Treasury


Oregon Investment Council (OIC)

Skip Navigation LinksInvestment Division > Oregon Investment Council (OIC)

Orego​n 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,

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

​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).

Steve Rodeman (by position)
Director, Public Employees Retirement System

​Mr. Rodeman was appointed the Executive Director of the Public Employees Retirement System effective November 1, 2014. He is responsible for administration of the statewide retirement system serving more than 330,000 members, retirees and beneficiaries. Rodeman has served as the PERS Deputy Director since June 2008 and joined the agency in November 2001. Before becoming Deputy Director, he ran the agency’s Policy, Planning & Legislative Analysis Division, providing policy development, strategic planning, government relations, and legal services management. Rodeman has an undergraduate degree from Humboldt State University and a law degree from Willamette University College of Law. 

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).​


OIC/OPERF Governance Documents

Meetings Begin at 9:00 am
at PERS Headquarters Building
11410 SW 68th Parkway
Tigard, OR 97223  

2015 Meeting Schedule

  • February 4, 2015
  • March 4, 2015
  • April 29, 2015
  • June 3, 2015
  • July 29, 2015
  • September 16, 2015
  • October 28, 2015
  • December 9, 2015

Links to Documents

OIC Meeting Materials 2010
OIC Meeting Materials 2009
OIC Minutes and Sound Recordings 2015     
OIC Minutes and Sound Recordings 2014​​   


OIC Meeting Materials 2014​   ​​​

OIC Meeting Materials 2013   

OIC Meeting Materials 2012   

OIC Meeting Materials 2011   


OIC Meeting Materials 2009

OIC Minutes and Sound Recordings 2015   

  • ​February 4, 2015  

OIC Minutes and Sound Recordings 2014​   

OIC Minutes and Sound Recordings 2013


OIC Minutes and Sound Recordings 2012

OIC Minutes and Sound Recordings 2011


OIC Minutes 2005


OIC Minutes 2004  

OIC Minutes 2002 


2014 Sudan report to legislature (Executive Summary)

2013 Sudan report to legislature (Executive Summary)
2012 Sudan report to legislature (Executive Summary) 
2011 Sudan report to legislature (Executive Summary)  
2011 Sudan report to legislature   
2011 Sudan Report, Attachment A   
2010 Sudan report to legislature (Executive Summary)   
2010 Sudan report to legislature