The New Jersey Division of Investment has selected finalists to advise on a likely sale of some of its private-equity holdings, The Wall Street Journal reports. The pension fund has named UBS, Cogent Partners and Park Hill Group as finalists. The size of the portfolio to be put up on sale has not been decided. The council recently approved the increase of systems upper limit on alternatives from 28% to 38% and for private equity from 7% to 12%.
Click here for the story from The Wall Street Journal.