Saturday, 20 December 2014
Last updated 1 day ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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.