FINalternatives

Published on FINalternatives (http://www.finalternatives.com)

New Jersey Commits $400M To Private Equity Funds

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.



Source URL:
http://www.finalternatives.com/node/5013