New Jersey Allocates $750 to Alts

The New Jersey Division of Investments approved five commitments totaling $750 million to private equity, private credit and hedge funds, according to recent meeting materials.

In private credit, $300 million was committed to GCM Grosvenor Emerging Manager PC SMA.

In private equity, $100 million to Summit Partners Growth Equity Fund XII, and $150 million to Coller International Partners IX. 

Within hedge funds, $100 million was committed to Capula Global Relative Value Fund and $100 million to Capula Tail Risk Fund.

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