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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...