As Murphy administration assumes power, PE delivers 12.3 pct for New Jersey


Rock Creek Group Founder Afsaneh M. Beschloss address the New Jersey State Investment Council in Trenton, New Jersey on Feb. 1, 2018.
  • PE program among most consistent performers for NJ
  • New governor campaigned against high-cost alternatives
  • Rock Creek Afsaneh Beschloss wary of rising rates
New Jersey Division of Investment’s private equity program delivered a 12.3 percent return in 2017, contributing to the $76 billion pension system clearing its new 7 percent assumed rate of return. “Private equity has been the best performing asset class ...

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