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.
By Marshall Saffer -- The past year has been a difficult one for hedge funds. Market conditions, regulatory emergency orders and volatility all affected the ability of funds to develop and maintain strategies that made for consistent performance. More...
By Pamela Schwab and Christina Erickson -- Two weeks out from the inauguration of President-elect Barack Obama, the buzz is building on what tools will shape the Obama administration’s economic stimulus plan. More...
Not many people can get away with interrupting legendary investor Carl Icahn in the middle of a speech, but the corporate raider’s fierce reputation did not dissuade Stanley Goldstein. More...