The New Jersey State Investment Council is still building out the state’s $78 billion investment portfolio’s $8.7 billion private equity allocation with a newly made commitment and a proposed allocation outlined at the November trustee meeting.
At the end of October, the investment staff invested $24 million in a co-investment vehicle alongside TPG Growth IV, which was founded 27 years ago by David Bonderman and James Coulter. The fund invests in private equity, credit, real estate and public equity with a focus on U.S. and Asia and opportunistically in other developing markets . . .
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