Tuesday, 28 March 2017
Last updated 9 hours 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.