New Jersey Loosens Purse Strings For Private Equity Funds

Nov 21 2007 | 2:38am ET

William Clark, director of New Jersey’s State Investment Council, has recommended that $600 million be committed to three private equity funds.

In a memo, Clark proposed a $100 million commitment to Wayzata Opportunities Fund II, a Minneapolis-based, small- to mid-market distressed debt fund; a $100 million commitment to New Jersey Asia Investors Fund I, separate account mandate focusing on private equity investments in Asia; and a $400 million commitment to BlackRock - SONJ Private Opportunities Fund II, and SONJ Side Car Fund I, successors to the prior $100 million co-investment separate account that the investment council entered into with Merrill Lynch Investment Management.


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