The New Jersey Division of Investment (DOI) is deliberating on €300 million ($350 million) of commitments to funds managed by CVC DIF.
The pension fund is considering an investment of up to €75 million ($88 million) in the DIF Infrastructure VIII fund, up to €75 million ($88 million) in the DIF Value-Add IV, and up to €150 million ($175 million) in a co-investment vehicle alongside those two funds.
With a diversified, global core-plus infrastructure investment focus, DIF VIII is targeting a fund size of €6 billion ($7 billion). DIF Value-Add IV has a diversified, global, value-add infrastructure strategy and a target of €2 billion ($2.3 billion).
The New Jersey DOI said Investing in both DIF VIII and DIF Value-add IV aligns well with the division’s objective to build an infrastructure-focused real assets portfolio. The underlying targeted investments provide robust risk-adjusted returns through cash yield and downside protection characteristics.
