Tuesday, 21 February 2017
Last updated 45 min ago
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.