Institution: New Jersey Division of Investment
Headquarters: Trenton, United States
Allocation to alternatives: 28.78%
The New Jersey Division of Investment has agreed to commit $125 million to Stellex Capital Partners II at its recently held investment council meeting, according to sister publication Buyouts Insider.
The $75.08 billion US public pension has a 12.0 percent target allocation to private equity which currently stands at 12.34 percent.
As illustrated below, the pension’s most recent private equity commitments have been made to buyout funds.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.