New Jersey sets private equity commitment, hedge fund investment
By Rob Kozlowski | January 18, 2013 3:36 pm
New Jersey Division of Investment, Trenton, committed $200 million to private equity fund Silver Lake Partners IV and gave Omega Advisors $150 million for hedge fund investments, confirmed spokesman William Quinn.
The division, which oversees the state's $71 billion in pension assets, previously committed $100 million in Silver Lake Partners III and invested $75 million in Omega's Overseas Partners Class B fund, both in January 2007.
Separately, the pension funds, excluding the police and fire fund, returned 13.3% for the year ended Dec. 31.