New Jersey Hires Private Equity; Real Estate Managers

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.