New Jersey Division of Investment confirms $100m commitment

The US public pension has backed a North American agriculture fund.

Institution: New Jersey Division of Investment
Headquarters: Trenton, New Jersey
AUM: $72.10bn
Allocation to alternatives: 23.56%

The New Jersey Division of Investment has agreed to commit $100 million to Homestead Capital USA Farmland Fund III, a contact at the pension fund informed Agri Investor.

The $72.1 billion US public pension has a 23.56 percent allocation to alternatives, of which agriculture constitutes an unspecified amount.

As illustrated in the charts below, New Jersey Division of Investment has previously committed to TPG’s The Rise Fund.

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