Friday, 29 May 2015
Last updated 1 hour ago
Sep 4 2008 | 8:12am ET
New Jersey’s State Investment Council is looking to boost the state’s $77 billion pension fund private equity portfolio with a trio of commitments.
According to an internal memo, the pensions plan’s director, William Clark, in July proposed a $100 million commitment to JP Morgan Venture Capital Institutional Investors IV, a venture capital commingled fund of funds; $100 million to Lehman Brothers Secondary Opportunities Fund II, a secondary buyout fund; and a $200 million commitment to Lindsay Goldberg Fund III, a small-to-mid market buyout offering.
New Jersey had some $9.5 billion committed to private equity and hedge funds as of the end of July.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…