Wednesday, 2 September 2015
Last updated 7 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…