Friday, 1 August 2014
Last updated 2 hours ago
Jun 23 2006 | 9:06pm ET
The $73 billion New Jersey Division of Investment approved commitments totaling $300 million to five private equity firms at its board meeting last week.
The plan will invest $75 million in middle market buyout fund GTCR Fund IX; $50 million in middle to large market buyout firm DLJ Merchant Banking Partners IV; $25 million in large buyout fund Warburg Pincus VIII; $100 million in distressed investment firm Centerbridge Capital Partners; and $75 million in middle market control focused distressed fund MHR Institutional Partners III.
The plan was assisted by consultant Strategic Investment Solutions.