New Jersey Division of Investment reveals 2021 private equity pacing plan

The US public pension has also re-upped with Hellman & Friedman Capital Partners.

Institution: New Jersey Division of Investment
Headquarters: Trenton, US
AUM: $84.64 billion
Allocation to alternatives: 25.96%

New Jersey Division of Investment revealed its plan to commit $1.5 billion to private equity during this calendar year at its March 2021 state investment council meeting. The plan was put forth by the pension’s private equity consultant, TorreyCove Capital Partners.

A contact at the pension also confirmed a $200 million commitment to Hellman & Friedman Capital Partners X. This is a re-up with one of its existing managers.

As illustrated below, the pension allocates 11.42 percent of its full investment portfolio to private equity. Its recent private equity commitments have focused on investments primarily in North America.

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