The New Jersey State Investment Council approved investments of nearly $1.2 billion in hedge funds, private equity and real estate funds, spokesman Thomas Bell said today.
On the hedge fund side, the New Jersey council, which oversees $77.7 billion in pension assets, committed $100 million to Knight Vinke Institutional Partners II for long/short equity and $100 million to Marathon Special Opportunities Fund for direct low volatility.
In private equity, the council will invest $400 million with Credit Suisses CSFB/NJDI Investment and $100 million with CS/NJDI Emerging Opportunities Fund II. Another $200 million was committed to NJHL European Buyout Investment Fund III, and €106 million ($165 million) to AnaCap Financial Partners. In real estate, the council is committing $100 million to the Lehman Brothers Real Estate Partners III.
The investments were presented at a meeting March 20.