New Jersey Commits $100M To Hedge, Private Equity Funds

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.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note