New Jersey adds three key alts funds

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 . . .

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