Institution: New Jersey Division of Investment
Headquarters: Trenton, US
AUM: $74.05 billion
Allocation to alternatives: 27.80%
The fund, managed by TPG, focuses primarily on growth equity and control growth buyouts across multiple sectors including business services, healthcare and consumer.
As illustrated below, the pension’s recent private equity commitments have comprised of mainly buyout and venture capital vehicles. It currently has a 12 percent target allocation to private equity, which currently stands at 11.91 percent.
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