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.
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
According to a survey of 300 executives by Ernst & Young, the world’s biggest companies are poised to increase spending cleantech solutions. More...