N.J. Makes P.E. Commitments

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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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