The $78 billion New Jersey Division of Investment approved two additional alternative investment allocations totaling $250 million at its trustee meeting this month.
Officials approved an allocation of up to $150 million in IPI Partners II within its real assets portfolio. The allocation is to IPI Partners latest fund that builds on the firm’s lead as one of the largest private data center owners in the U.S.
IPI’s strategy is specifically focused on the high growth data center property sector. The firm has access to demand-driven assets that are difficult to . . .
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