Featured

New Jersey DOI unveils new PE commitments

The US public pension has committed $425m to private equity.

-

Institution: New Jersey Division of Investment
Headquarters: Trenton, US
AUM: $87.5 billion
Allocation to private equity: 12.3%

The New Jersey Division of Investment has unveiled two new commitments to private equity in its 26 April board meeting.

The public pension fund revealed that €250 million was committed to CVC Capital Partners IX. The buyout fund makes diversified investments in North America and Europe.

On top of this a $150 million commitment was made to American Industrial Partners Capital Fund VIII. This was the first mention of the new vehicle offered by American Industrial Partners after VII successfully raised $3 billion.

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