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New Jersey Division of Investment makes $100m commitment

The US public pension has backed a North American-focused venture capital / growth equity fund.

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Institution: New Jersey Division of Investment
Headquarters: Trenton, United States
AUM: $72.10bn
Allocation to alternatives: 23.56%

The New Jersey Division of Investment has agreed to commit $100 million to Brookfield Capital Partners V, according to a recent report on the pension’s website.

The $72.10 billion US public pension has a 8.25 percent target allocation to private equity which currently stands at 10.43 percent.

As illustrated in the charts below, New Jersey Division of Investment has made a total of six commitments to private equity funds with a 2018 vintage, which constitute $975 million.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.