New Jersey Commits $1B To Hedge, Private Equity Funds

Mar 25 2008 | 11:53am ET

The $77.7 billion New Jersey Division of Investment is looking to allocate a further $1 billion to a pair of hedge funds and five private equity funds.

The Garden State’s investment council is considering a $100 million commitment to activist hedge fund Knight Vinke Institutional Partners II and $100 million to Marathon Special Opportunities Fund, a low-volatility global distressed-securities offering.

On the p.e. front, New Jersey is committing $400 million to the CSFB/NJDI Investment Fund, a separate account mandate with Credit Suisse to source and commit $200 million to buyout funds located in North America raising $1 billion or less. New Jersey is also committing $100 million to another joint venture with CS dubbed the CS/NJDI Emerging Opportunities Fund II, a separate account that will make commitments in small and/or “emerging” buyout and venture capital funds.

In addition, New Jersey is committing $200 million to NJHL European Buyout Investment Fund III, a separate account was established with Hamilton Lane to invest in large international corporate finance/ buyout funds with significant investment exposure to European based companies. Lastly, the pension fund is committing €106.25 million (US$163 million) to AnaCap Financial Partners, a U.K.-based middle-market buyout fund.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.