New Jersey Commits $400M To Private Equity Funds

Jul 24 2008 | 10:28am ET

The New Jersey State Investment Council this month committed $400 million to a trio of private equity funds.

According to an internal memo, the $80 billion pension plan is committing $100 million to JPMorgan Venture Capital Institutional Investors IV, a commingled fund of funds focusing on early-stage companies, especially in the technology, communications and life sciences sectors.

The plan is also committing $100 million to Lehman Brothers Secondary Opportunities Fund II, which targets partnerships that have completed or are near the end of their investment cycle, and $200 million to Lindsay Goldberg Fund III, a small- to mid-market buyout fund.


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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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