N.J. Adds To Private Equity Roster

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.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note