New Jersey bets on TPG, Stonepeak, Chatham for $525 mln

TPG, New Jersey State Investment Council, pension fund, private equity, Oregon Investment Council
Jim Coulter addresses New Jersey State Investment Council. Photo by Sam Sutton, Buyouts.
  • New Jersey backs two TPG Growth funds
  • Management-fee discount on Stonepeak commitment
  • PE program delivering a 1.48x multiple
New Jersey Division of Investment will move forward with four private-market commitments totaling $525 million after the state’s investment council offered no objections at its Oct. 4 meeting, according to spokesman Willem Rijksen. The commitments remain subject to final negotiation ...

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