New Jersey Division of Investment, Trenton, made four commitments to private equity, hedge funds and real estate investments for the $74.3 billion New Jersey Pension Fund.
The commitments were announced Thursday by Timothy Walsh, director of the Division of Investment, at a meeting of New Jersey State Investment Council. The division manages investments for the New Jersey pension fund.
The division made a private equity commitment of up to $100 million to Vista Foundation Fund II. The Vista fund invests in small- to middle-market enterprise software companies, such as those involved in billing systems, and is managed by Vista Equity Partners. The division previously made commitments to three other Vista funds totaling $310 million.
The division also committed €100 million ($128 million) to CVC Capital Partners Fund VI, which will make buyout investments primarily in Western Europe.
The division also made a real estate commitment of €140 million to Prologis European Property Fund II. Prologis specializes in owning, operating and developing industrial properties.
And the division made an additional commitment of $150 million to the hedge fund GSO Credit-A Partners. The division previously committed $250 million to this fund, which is managed by GSO Capital Partners. The fund invests primarily in public and private non-investment-grade corporate credit. GSO Capital Partners is a unit of the Blackstone Group.
Separately, Mr. Walsh said the division had received a $1.03 billion pension contribution from the state of New Jersey just prior to the close of the fiscal year that ended June 30.