New Jersey Division of Investment

About New Jersey Division of Investment

The New Jersey Division of Investment is a public pension fund manager. Its portfolio totaled $69.27 billion on August 31, 2024, spread across equities, fixed income, private equity, real estate, hedge funds, private debt, infrastructure, real assets, natural resources, cash and other alternative asset classes. Composite returns as of that date were 13.47% over 1 year, 4.03% over 3 years, 8.46% over 5 years and 7.17% over 10 years, against benchmark returns of 13.49%, 5.13%, 9.32% and 7.67% respectively. On August 31, 2024, the private equity portfolio was worth $7.63 billion, or 11% of the total, down from $10.87 billion on March 31, 2024. It sits below the 13.0% target allocation. Private equity strategies include buyouts, diversified private equity, private debt, private equity growth expansion, co-investment, secondaries, mezzanine and venture capital, diversified worldwide. As of June 30, 2023, private equity returns were 2.48% over 1 year, 4.46% over 3 years and 11.31% over 5 years, compared with benchmark returns of 6.87%, 8.9% and 14.47%. The real asset portfolio was valued at $3.99 billion on August 31, 2024. The executive management team governs the plan's investments. Mr. Shoaib Khan is Director and Chief Investment Officer.

Real estate mandate

Contacts at New Jersey Division of Investment