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 ...