News & Analysis

New Jersey Division of Investment confirms $100m commitment

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

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New Jersey Division of Investment full portfolio

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.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.