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Investors - JUNE 2, 2015

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New Jersey commits $1b to real estate and energy

by Zoë Wolff

The New Jersey Division of Investment has committed up to $1.025 billion to real estate and energy investments on behalf of the $79.2 billion New Jersey Pension Fund, according to recently released meeting documents.

The division has committed up to $900 million to existing separate accounts and two new commingled funds managed by Och-Ziff Capital Management Group.

According to the meeting documents, the transactions include $700 million infollow-on commitments to four separate accounts: $300 million to OZSC II, $200 million to OZNJ Private Opportunities, $100 million to OZNJ Real Estate Opportunities and $100 million to OZNJ Real Asset Opportunities.

Two new commitments of $100 million each are being made to two commingled funds: OZ Energy Partners and Och-Ziff Real Estate Credit Fund. OZ Energy Partners is targeting $750 million in equity and will focus on “opportunistic middle-market energy investments in North America.” Och-Ziff Real E

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