New Jersey Division of Investment, which manages investments for the $70.7 billion New Jersey Pension Fund, Trenton, committed up to $200 million total to two alternatives funds, said Willem O. Rijksen, a Treasury Department spokesman, in an e-mail.
The division committed up to $100 million each to MBK Partners IV, a private equity buyout fund targeting control-orientated investments in South Korea, Japan and China, and EQT Infrastructure III, managed by EQT Partners.
These are the division's first direct investments with MBK and EQT. It has some exposure to other MBK funds through a fund of funds.
As of Oct. 31, the New Jersey pension fund had an 8.25% target to buyout/venture capital funds and a 2.5% target to private real assets.