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

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...