Manager Selection
New Jersey Pension Fund Seeks Emerging Private Equity Managers
The state’s Division of Investment invites managers who meet its investment criteria to in-person meetings in July.
Reported by Matt Toledo
The New Jersey Division of Investment, which manages the state’s seven pension systems that hold a combined $84.4 billion in assets, is inviting qualified emerging private equity managers to meet with the fund, according to a memo.
In order to qualify, managers must offer a buyout or growth-equity strategy and be targeting less than $1 billion for Fund I, II or III.
Interested applicants should submit their latest overview presentation to njopportunities@barings.com by July 1, with the subject line “Application for In-Person Meeting with New Jersey – [Firm Name].”
Submitted materials, according to the Division of Investment, should include:
- Brief overview of the manager’s investment strategy and focus areas;
- Track record and highlight of recent transactions;
- Any unique value propositions or competitive advantages the firm offers; and
- Team bios and key personnel involved in deal execution and other functions.
The pension fund launched its emerging manager program in 2022, initially launched alongside a fund managed by Barings.
In person meetings with the pension fund would be scheduled with the pension fund for Thursday, July 30, with qualified firms being notified in advance.