Friday, 27 March 2015
Last updated 4 hours 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…