New Jersey Division of Investment, which handles investments for the $76 billion New Jersey Pension Fund, Trenton, committed nearly $400 million to funds from two managers, spokesman William Skaggs confirmed in an email.
At its Wednesday meeting, the State Investment Council committed up to €125 million ($137 million) to Ardian Buyout Fund VII, and another €50 million ($55 million) in a co-investment sidecar vehicle alongside the fund.
The council also committed $175 million to KPS Special Situations Fund V, a special situations fund that targets investments in underperforming, distressed or bankrupt lower- and middle-market companies managed by KPS Capital Partners; and $25 million to KPS Special Situations Mid-Cap Fund.
The State Investment Council governs investment policies for the division, a unit of the state Treasury Department.
