New Jersey discloses up to $475 million in commitments
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The New Jersey Division of Investment, which handles investments for the $83.3 billion New Jersey Pension Fund, Trenton, made two private equity commitments and one real asset commitment for an aggregate of up to $475 million, the division said Wednesday.
The commitments were announced at a virtual meeting of the State Investment Council, which formulates policies for the division.
According to a report presented to the council, one private equity commitment was to
Fairview Capital Partners for up to $200 million for a separate account. The proposed fund investment will provide exposure to the next generation of talented venture managers in the U.S. The separate account will concentrate on investing in the information technology, health care, media, telecommunications and consumer businesses.
New Jersey Division of Investment chooses deputy director
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Shoaib Khan was hired as the deputy director of the New Jersey Division of Investment, which handles investments for the $83.3 billion New Jersey Pension Fund.
Mr. Khan s hiring was announced Wednesday at a virtual meeting of the New Jersey State Investment Council, which formulates policies for the division, a unit of the state Department of the Treasury.
Mr. Khan, who started work Jan. 4, takes a job that had been vacant since July 2018 when the division s former deputy director,
Corey Amon, became acting director following the departure of
Christopher McDonough. Mr. Amon was named permanent director in March 2019.
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Silver Lake amasses $20bn for largest-ever tech-focused buyout fund Thursday, January 14, 2021
Laxman Pai, Opalesque Asia:
Silver Lake has closed buyout fund Silver Lake Partners VI at $20 billion, reaching its hard cap, as the technology-focused private equity firm looks to focus on large-scale investments.
The raised capital includes roughly $500 million from the general partner. The fund will target global large-cap technology firms. We are very pleased with the response we have received across the board from limited partners, especially given the current environment, which we believe validates Silver Lake s strategic discipline, deep technology expertise, and intensive focus on growth, said Susannah Carrier, Managing Director and global head of fundraising and investor relations. We are grateful to our returning and new investors for entrusting Silver Lake with their capital as we continue to cultivate a culture of excellence and an alignment of interests to generat