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.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.