New Jersey Division of Investment to rebalance private debt portfolio

The US public pension plans to reduce its private debt allocation.

Institution: New Jersey Division of Investment
Headquarters: Trenton, United States
AUM: $75.08bn
Allocation to alternatives: 28.78%

New Jersey Division of Investment intends to reduce its private debt portfolio to align its current and target allocations, according to the director’s report. The pension has a 6.0 percent target allocation to private debt that currently stands at 7.14 percent.

The $75.08 billion US public pension has a favourable outlook on the private debt market, and will therefore aim to further diversify its private debt portfolio as its capacity grows.

As illustrated below, the pension currently allocates 28.8% of its investment portfolio to alternative assets.

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