New Jersey Division of Investment, which handles investments for the $75.8 billion New Jersey Pension Fund, Trenton, committed a total of up to $275 million to two buyout funds, spokesman William Skaggs confirmed in an email.
Both commitments were announced Thursday at a meeting of the State Investment Council, which governs investment policies for the division, a unit of the state Treasury Department.
The division agreed to commit up to $150 million to TSG8, a middle-market buyout fund managed by TSG Consumer Partners. It also agreed to commit up to $125 million to TPG's The Rise Fund II, which will make growth equity and buyout investments.
