Niraj Agarwal, the former portfolio manager of real assets at California Public Employees’ Retirement System (CalPERS), has been named head of real assets at the New Jersey Division of Investment.
Agarwal joins New Jersey after spending more than five years at the California pension fund, according to his LinkedIn page. At CalPERS, Agarwal led investment activity, strategy and portfolio construction for private equity focused on infrastructure, real estate and timber. He also headed up strategy development and execution for investments in the renewables, midstream and agriculture sectors and was active across direct transactions/co-invests, separate accounts/JVs and primary funds commitment.
Prior to CalPERS, Agarwal held several banking positions with various firms.
The Division of Investment is one of the largest pension fund managers in the United States, responsible for the investment management of the seven pension funds that comprise the New Jersey Pensi
