Key Takeaways
- • The New Jersey Division of Investment, which manages seven state pension systems holding a combined $84.4 billion in assets, is inviting qualified emerging private equity managers to meet with the fund, according to a memo.
- • Eligible managers must offer a buyout or growth-equity strategy and be targeting less than $1 billion for Fund I, II or III.
- • Interested firms must submit their latest overview presentation to [email protected] by July 1, 2026, with the subject line "Application for In-Person Meeting with New Jersey – [Firm Name]."
- • As of April 30, the division allocated 57.55% to global growth assets, 17.73% to fixed income, 16.17% to defensive assets and 8.54% to real return assets.
- • The emerging manager program launched in 2022 alongside a fund managed by Barings; in-person meetings are slated for Thursday, July 30, with qualified firms notified in advance.
Summary
The New Jersey Division of Investment, which oversees the state's seven pension systems with combined assets of $84.4 billion, is seeking emerging private equity managers to meet with the fund, according to a memo reported by Chief Investment Officer. The solicitation is targeted at firms pursuing buyout or growth-equity strategies that are raising less than $1 billion for a Fund I, II or III.
Applicants are asked to submit their latest overview presentation to [email protected] by July 1, using the subject line "Application for In-Person Meeting with New Jersey – [Firm Name]." According to the Division of Investment, submissions should include a brief overview of the manager's investment strategy and focus areas; a track record and highlights of recent transactions; any unique value propositions or competitive advantages; and team bios and key personnel involved in deal execution and other functions.
Qualified firms will be notified in advance of in-person meetings scheduled for Thursday, July 30. The division's emerging manager program launched in 2022, initially alongside a fund managed by Barings.
As of April 30, the division's portfolio was allocated 57.55% to global growth assets, 17.73% to fixed income, 16.17% to defensive assets and 8.54% to real return assets.
Applicants are asked to submit their latest overview presentation to [email protected] by July 1, using the subject line "Application for In-Person Meeting with New Jersey – [Firm Name]." According to the Division of Investment, submissions should include a brief overview of the manager's investment strategy and focus areas; a track record and highlights of recent transactions; any unique value propositions or competitive advantages; and team bios and key personnel involved in deal execution and other functions.
Qualified firms will be notified in advance of in-person meetings scheduled for Thursday, July 30. The division's emerging manager program launched in 2022, initially alongside a fund managed by Barings.
As of April 30, the division's portfolio was allocated 57.55% to global growth assets, 17.73% to fixed income, 16.17% to defensive assets and 8.54% to real return assets.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.