New Jersey Division of Investment to increase private debt target allocation

The US public pension aims to grow its private debt portfolio.

Institution: New Jersey Division of Investment
Headquarters: Trenton, US
AUM: $74.05 billion
Allocation to alternatives: 27.80%

New Jersey Division of Investment plans to boost its target allocation to private debt from 6 percent to 8 percent of its total investment portfolio, according to its July 2020 director’s report. As presented during its July 2020 investment council meeting, the pension believes that private debt has an attractive risk-return profile.

As illustrated below, the $74.05 billion US public pension currently allocates 7.30 percent of its investment portfolio to private debt. Alternative investments constitute 27.80 percent of the institution’s entire portfolio.

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