New Jersey Division of Investment has allocated $1.275 billion to its alternatives portfolios, Pensions & Investments reports. The unit, which manages investments for the $72.9 billion state pension system, placed $300 million with the Lone Star Fund VII and $100 million with the Lone Star Real Estate Fund II.
The division also committed $200 million each to the TPG Specialty Lending, the Vista Equity Partners Fund IV, the NJAI Fund II and the Rock Creek Group-RC Woodley Park Fund. It also added $75 million to the Ascend Partners Fund II, raising it to $164 million.
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