Brad Johnson has been hired as head of private credit for the New Jersey Division of Investment, which handles investments for the $83.7 billion New Jersey Pension Fund, Trenton.
Mr. Johnson, who started work March 27, is in charge of investments that account for 8% of the pension fund assets, a New Jersey Treasury Department news release said Tuesday."We are pleased to welcome Brad as our new head of private credit," Shoaib Khan, chief investment officer and director of the division of investment, said in the news release. "His depth of knowledge and experience in alternative investments makes him an outstanding addition to our team."
Mr. Johnson replaced Jared Speicher. Since August 2022, Mr. Speicher has been director of North American private equity for MetLife Investment Management. Mr. Johnson was vice president of alternative investments and strategy head of private markets at First Republic Bank Investment Management, a spokeswoman for the New Jersey Department of the Treasury wrote in an email. He resigned from First Republic in March 2023, she wrote.
A spokesman for First Republic declined to comment.