Publications

Investors - MAY 21, 2013

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

New Jersey invests $395 million in European vehicles

by Andrea Waitrovich

The $73.67 billion New Jersey Division Investment (NJDI), the investment arm of New Jersey Department of the Treasury, has committed approximately $395 million to three European real estate funds.

The NJDI invested $96 million into Perella Weinberg Real Estate Fund II, a $1.6 billion opportunistic fund managed by Perella Weinberg. The vehicle will invest in all property types throughout Europe. 

The two other investments are with London-based M&G Investments. NJDI invested $114 million in M&G Real Estate Debt Fund II and $190 million in M&G Real Estate Debt Fund III. Both funds are targeting commitments of $760 million and will invest throughout Western Europe. M&

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy