Institution: New Jersey Division of Investment
Headquarters: Trenton, United States
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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