New Jersey discloses up to $475 million in commitments
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The New Jersey Division of Investment, which handles investments for the $83.3 billion New Jersey Pension Fund, Trenton, made two private equity commitments and one real asset commitment for an aggregate of up to $475 million, the division said Wednesday.
The commitments were announced at a virtual meeting of the State Investment Council, which formulates policies for the division.
According to a report presented to the council, one private equity commitment was to
Fairview Capital Partners for up to $200 million for a separate account. The proposed fund investment will provide exposure to the next generation of talented venture managers in the U.S. The separate account will concentrate on investing in the information technology, health care, media, telecommunications and consumer businesses.