New Jersey Pension Pours $1.275B Into Alts.

May 23 2011 | 1:15pm ET

The Garden State has spread more than a billion dollars into seven alternative investments funds.

The New Jersey Division of Investment handed $1.275 billion to six separate firms. The biggest winner was Lone Star Funds, which got a total of $400 million. Most of that, $300 million, went to the firm's Fund VII, which invests in single-family residential mortgages and mortgage-backed securities, while $100 million went to the firm's Real Estate Fund II, which focuses on commercial real-estate.

Four other funds received $200 million commitments: Texas Pacific Group's Speciality Lending Fund, Vista Equity Partners' Fund IV, NJAI's Fund II and Rock Creek Group's Woodley Park Fund. In addition, Ascend Partners was the beneficiary of a $75 million follow-on investment in its Fund II.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...