Outgoing New Jersey SIC Chairman Tom Byrne defends PE in final meeting


New Jersey State Investment Council, Tom Byrne, private equity, pension fund, Vista Equity Partners
Chairman Tom Byrne adjourns his final meeting with the New Jersey State Investment Council on May 23, 2018. Photo by Sam Sutton, Buyouts.
Tom Byrne used his final meeting as chairman of the New Jersey State Investment Council to defend the state pension fund’s investments in high-cost, high-returning private equity funds targeted by Gov. Phil Murphy during last year’s gubernatorial campaign. “I don’t think we can ...

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