Future of New Jersey pension system’s PE program uncertain


New Jersey, pension fund, private equity, Phil Murphy
Democratic candidate Phil Murphy celebrates after being elected Governor of New Jersey as membes of his family look on in Asbury Park, New Jersey, U.S., November 7, 2017. REUTERS/Lucas Jackson - HP1EDB80BBU1N
  • Newly-elected governor wants to divest private equity
  • Ran on populist agenda
  • Pension has been investing in PE since 2005
New Jersey’s massive state pension fund may shift away from private equity once newly elected Gov. Phil Murphy takes the reins in Trenton. Murphy, a Democrat and former Goldman Sachs executive, was elected in November. He campaigned on a populist platform ...

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