For purposes of this division, the following terms have the meanings set forth below, unless the context clearly indicates otherwise. Additional definitions may be found in OAR 123-001-0050.

1. (1) “Account” means the Oregon Growth Account, established by ORS 348.702 and managed in accordance with ORS 284.881 to 284.890.
2. (2) “Fund” means the Oregon Growth Fund, established by ORS 284.890 and managed in accordance with ORS 284.881 to 284.890.
3. (3) “Board” means the Oregon Growth Board established by ORS 284.883.
4. (4) “Investment Policy Statement” means a statement describing the policies and procedures for investments from the Account and Fund, authorized by ORS 284.885 and ORS 284.887(2), and adopted by the Board with such title.
5. (5) “Investment Vehicle” means a partnership, limited liability company, fund, or similar pooled investment structure, typically managed by a general partner, investment manager, or other fiduciary.
6. (6) "Leverage" means third-party capital or other financial resources raised, committed, or deployed in connection with investments made by the Board with funds from the Account or the Fund. Leverage may include limited partner commitments, matching funds, co-investments, or other sources of capital associated with the same Investment Vehicle or strategy. Leverage does not refer to debt financing undertaken by the Board.

Statutory/Other Authority

ORS 284.883 & ORS 284.890

Statutes/Other Implemented

ORS 284.883 & ORS 284.890

History

OBDD 5-2026, adopt filed 04/01/2026, effective 04/01/2026