Mr. Drummond brings to PCG Asset Management a distinguished career in public service and industry, having most recently served as chairman of the Oregon Investment Council (OIC). The OIC oversees the management of the investment assets of the Oregon Public Employees’ Retirement Fund (OPERF), one of the world’s largest, oldest and most successful public pension fund investors in private equity. Mr. Drummond was first appointed by the governor of Oregon to the OIC in 1987 and served as chair from 1990 to 1999. He was later re-appointed as a member of the OIC and served as its chairman from 2001 to 2006. In other public service activities, Mr. Drummond was chairman of Tri-met, Portland, Oregon’s area public transit agency, from 1973 to 1985. In addition, Mr. Drummond was a trustee and served as the chairman of the investment committee of Reed College. Mr. Drummond’s career spans more than thirty years, beginning as an attorney at law in a predecessor firm to what is now known as Stoel Rives in Portland, Oregon. In 1977, Mr. Drummond left law to form Nerco, Inc., a mining and resource company, where he served as chairman and CEO from 1977 until its acquisition by Rio Tinto in 1993. At the time of the sale, Nerco, Inc. was a Fortune 500 company and was listed on the NYSE. Mr. Drummond has also served as a member of the boards of Pacificorp, Willamette Industries and Pacific Telecom.