New Jersey Pension Fund discloses up to $1 billion in commitments
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The New Jersey division of investment, which handles investments for the New Jersey Pension Fund, Trenton, made five alternatives commitments totaling up to $1 billion.
Representatives of the division reported the commitments in documents presented Wednesday at a virtual meeting of the State Investment Council, which formulates policies for the division.
According to the documents, the commitments are:
Up to €200 million ($244 million) for ICG Europe Fund VIII and up to €100 million ($122 million) for a related co-investment fund. Both funds are managed by
Intermediate Capital Group that invest in subordinated debt, senior debt, structured debt and equity in upper middle-market companies among many European countries.
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Dune Real Estate Partners Announces Promotions
January 29, 2021 GMT
NEW YORK (BUSINESS WIRE) Jan 29, 2021
Dune Real Estate Partners LP (“Dune”), a leading New York-based real estate investment firm, today announced a series of five promotions across the organization:
Brad Caracausa was promoted to
Managing Director in acquisitions and has joined the Investment Committee;
Chad Redding was promoted to
Director in acquisitions;
Vice President in acquisitions;
Manager – Portfolio Analytics in the finance and accounting group; and
Meher Desai was promoted to
Fund Controller in the finance and accounting group.