Institution: New Jersey Division of Investment
Headquarters: Trenton, US
AUM: $84.64 billion
Allocation to alternatives: 25.96%
The separately managed account will target investments in US venture capital fund managers that have raised less than three institutional funds with a fund size under $500 million.
As illustrated below, the pension allocates 11.42 percent of its full investment portfolio to private equity. Its recent private equity commitments have focused on investments primarily in North America.
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