New Jersey DOI approves $200m in commitments

The US public pension has backed a fund of funds and a growth vehicle.

9 October 2017

New Jersey Division of Investment has approved a $125 million commitment to TPG Growth IV and $75 million to TPG Rise Fund.

The $75 billion US public pension has an 8.25 percent target allocation to private equity that currently stands at 10 percent.

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

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