New Jersey Division of Investment confirms $150m in commitments

The US public pension has backed two vehicles managed by Colony Capital.

Institution: New Jersey Division of Investment
Headquarters: Trenton, US
AUM: $84.64 billion
Allocation to alternatives: 25.96%

The New Jersey Division of Investment agreed to commit up to $150 million across two private infrastructure vehicles at its January 2021 investment council meeting, a contact at the pension informed Infrastructure Investor. 

The commitments comprised $100 million to Digital Colony Partners II and $50 million to Digital Colony Partners II Co-investment, both managed by Colony Capital.

As illustrated below, the pension’s most recent private infrastructure commitments have been to funds targeting the telecoms and energy sectors with a global focus. The pension currently allocates 2.1 percent of its investment portfolio to real assets, which includes infrastructure.

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