Friday, 27 March 2015
Last updated 1 hour ago
May 23 2007 | 12:51pm ET
The New Jersey Division of Investment has committed a total of $300 million to a trio of hedge funds and private equity funds.
The system is putting $100 million with the Silver Point Capital Fund, a credit-based vehicle, according to a due diligence memo penned by director William Clark.The fund has returned an annualized 21.14% since inception in January 2002.
The system is committing equal amounts to Vista Equity Partners Fund III, a middle-market fund focusing on enterprise software companies, and New Mountain Partners III, a middle-market buyout fund that focuses on defensive growth industries companies such as adult education, health care, business services, transaction processing, and media.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…