New Jersey Division of Investment makes €300m commitment

The US public pension has backed CVC Credit Partners European direct lending strategy.

Institution: New Jersey Division of Investment
Headquarters: Trenton, US
AUM: $94.44 billion
Allocation to alternatives: 27.2%

The New Jersey Division of Investment disclosed a €300 million commitment to CVC Credit Partners European direct lending strategy at its September 2021 investment council meeting.

The commitment is expected to be allocated approximately evenly between CVC Credit Partners EU Direct Lending III and the co-investment vehicle, CVC Credit Partners EU Direct Lending III Co-Investment.

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