private equity

Memorandum to: The State Investment Council From: Timothy Walsh, Director Subject: Proposed Investment in Elliott Associates, LP The New Jersey Division of Investment is proposing an investment of $200 million in Elliott Associates, LP, which will be allocated to the credit hedge fund asset allocation category. This memorandum is presented to the State Investment Council […]

Memorandum to: State Investment Council From: Timothy Walsh, Director Subject: Proposed Add-On investment in Centerbridge Credit Partners Fund, L.P. The New Jersey Division of Investment is proposing an additional investment of $60 million in Centerbridge Credit Partners Fund, L.P. (the “Fund”). This memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C.

Memorandum to: State Investment Council From: Timothy Walsh, Director Subject: Proposed Investments in TPG Opportunities Partners II, L.P. & Related Separate Account Vehicles The New Jersey Division of Investment (“Division”) is proposing an investment of $100 million in TPG Opportunities Partners II, L.P. (“TOP”) and $200 million into separate accounts (New Jersey/TPG NPLs – Commercial

Memorandum to: State Investment Council From: Timothy Walsh, Director Subject: Proposed Investment in Tenaya Capital VI Fund The New Jersey Division of Investment is proposing an investment of $40 million in Tenaya Capital VI Fund. This memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. 17:16-69.9. Tenaya Capital, LLC is a

Memorandum to: State Investment Council From: Timothy Walsh, Director Subject: Proposed Investments in Blackstone Real Estate Partners VII The New Jersey Division of Investment is proposing an investment of $300 million in Blackstone Real Estate Partners VII. This memorandum is presented to the New Jersey State Investment Council (the “SIC”) pursuant to N.J.A.C. 17:16-69.9. Blackstone

Memorandum to: State Investment Council From: Timothy Walsh, Director Subject: Proposed Investment in Blackstone Resources Select Fund The New Jersey Division of Investment is proposing an investment of up to $250 million in Blackstone Resources Select Fund managed by Blackstone Alternative Asset Management L.P. (BAAM). Blackstone Alternative Asset Management is a subsidiary of the Blackstone

Selected Excerpts: Distressed debt investing has been recognized as a distinct investment style for over the last two decades. Over that period, returns have outperformed most traditional asset classes with lower volatility, with the HFR distressed index providing 12.7% annualized returns vs. 8.0% for the S&P 500. In this report we begin by outlining the

Memorandum to: State Investment Council From: William G. Clark, Director Subject: Redemption from GoldenTree Master Fund, L.P. and Satellite Fund II This memorandum is intended to inform the Council of a proposed hedge fund redemption from GoldenTree Master Fund. LP.. and to provide an update on the unwinding of Satellite Fund II that was discussed

Memorandum to: State Investment Council From: William G. Clark, Director Subject: Proposed Private Equity Investment in TPG-TAC 2007 Fund This due diligence memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. 17:16-69.9 (a) to report on the following proposed private equity investment: a $30 million additional commitment to the TPG-TAC 2007

Memorandum to: The State Investment Council From: William G. Clark, Director Subject: Proposed Private Equity Investments in Onex Partners III, LP and Charterhouse Capital Partners IX. This due diligence memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. 17:16-69.9 (a) to report on two proposed private equity investments: a $100 million