Monday, 26 January 2015
Last updated 1 hour 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…