The New Jersey Division of Investment, which manages investments for the $76.6 billion New Jersey Pension Fund, Trenton, committed up to $285 million total to two alternatives funds, said Willem Rijksen, a spokesman for the state Treasury Department, in an email.
The division committed up to $150 million to Sycamore Partners III, a private equity fund focused on investing in turnaround situations in retail and consumer companies.
It also committed up to $135 million to Aether Real Assets State of New Jersey Fund, a custom strategy managed by Aether Investment Partners that will make primary, secondary and select co-investments in real assets funds.
The pension fund has invested with Aether before.
