Investors - MARCH 27, 2015

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New Jersey commits $250m

by Zoe Loza

The New Jersey Division of Investment, which makes investments for the $78.7 billion New Jersey Pension Fund, has committed up to $250 million to invest in real estate and oil and gas strategies. The commitment was announced at a recent meeting of the New Jersey State Investment Council.

NJDI will commit up to $150 million to the co-investment vehicle NJ/HitecVision, managed by HitecVision, which will explore opportunities in offshore oil and gas shipping and support vehicles. NJDI previously invested $100 million with HitecVision VII in April 2014.

Additionally, the pension fund will commit up to $100 million to KSL Capital Partners IV, a fund sponsored by private equity firm KSL Capital Partners that focuses on travel and leisure properties such as hotels, resorts and golf courses, as well as related businesses.

Recently, NJDI committed $85

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