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Oregon Fund's Ties Cloud Bid for Enron-Owned Portland General Electric.

By Gail Kinsey Hill, The Oregonian, Portland, Ore. Knight Ridder/Tribune Business News

Apr. 4--The Oregon Investment Council in February agreed to invest $75 million in an Oaktree Capital Management fund that has joined Texas Pacific Group's effort to buy Portland General Electric from the bankrupt Enron.

The unanimous vote came four months after critics questioned a similar decision that committed $300 million to a Texas Pacific fund that would provide most of the $1.25 billion in cash for the proposed transaction.

The February vote is likel

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