FINalternatives: Hedge Fund & Private Equity News

N.J. Adds To Private Equity Roster

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.


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