The New Jersey Division of Investment has approved a $300 million commitment to The Carlyle Group’s US-focused Carlyle Partners VI, according to documents from the pension’s Thursday board meeting.
Fund VI held a final close Monday on $13 billion. The fund originally launched with a $10 billion target and a $12 billion hard-cap.
Limited partners in Fund VI include the California Public Employees’ Retirement System, the New York City Employees’ Retirement System and the Public Employees Retirement Association of New Mexico, according to Private Equity International’s Research and Analytics division.
New Jersey has previously committed to Carlyle’s Mezzanine Partners I and Mezzanine Partners II.
Earlier this year, the $74.45 billion pension committed €100 million to CVC European Equity Partners’ sixth vehicle and $100 million to Vista’s second Foundation Fund.
New Jersey recently lost director Timothy Walsh to real estate fund manager Gaw North America. Walsh became president and chief operating officer of Hong Kong-based Gaw Capital Partners’ North America business after he left New Jersey Division of Investment on 30 August.