New Jersey allocates $500M to Alts

The New Jersey Division of Investment has approved four alternative investments totaling up to $500 million at the January board meeting. 

Within Private Credit, a $300 million commitment was awarded to Glendon Opportunities Fund III, managed by Glendon Capital Management.

In addition, $200 million was committed between three venture capital funds managed by Khosla Ventures; $80 million to Khosla Venture VIII, $100 million to Khosla Venture Opportunity II, and $20 million to Khosla Venture Seed F.

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