The $76 billion New Jersey Division of Investment selected a direct lending fund and two new real estate funds for approximately $645 million in new allocations at its most recent trustee meeting in late September.
Overall performance for the entire portfolio was 29% for the year ending June 30, 2021. Leading the way was private equity, which returned 48%. Within the $6.1 billion private credit program, the portfolio was up 23.5% for the same time period.
The CVC EU Direct Lending III fund was chosen for a €300 million ($345 million) mandate as . . .
Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available.