New Jersey Hires Private Equity; Real Estate Managers

Mar 24 2006 | 12:00am ET

The $80 billion New Jersey Division of Investment has hired two private equity and two real estate managers to handle a total of $600 million.

The plan will invest $150 million in MDCP V, a large and mid-market buyout and growth equity fund, and $300 million in Texas Pacific Group Partners V, a complex large buyout fund, according to Spokesman Tom Vincz. 

In real estate, the plan invested $75 million each in CPI Capital Partners Europe and Walton Street Real Estate Fund V.

The allocations were approved at the plan’s board meeting earlier this week. Strategic Investment Solutions advises the plan on private equity hires, while The Townsend Group is the plan’s real estate consultant. 


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...