private equity

Proposed Investment in GoldenTree Distressed Separate Account

Memorandum to: State Investment Council From: Christopher McDonough, Director Subject: Proposed Investment in GoldenTree Distressed Separate Account The New Jersey Division of Investment (“Division”) is proposing an investment of up to $300 million to a separate account managed by GoldenTree Asset Management (“GoldenTree” or the “Firm”), with up to $200 million investing pro-rata alongside the […]

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Proposed Investment in Stone Milliner Macro Fund, L.P.

Memorandum to: State Investment Council From: Christopher McDonough, Director Subject: Proposed Investment in Stone Milliner Macro Fund, L.P. The New Jersey Division of Investment (“Division”) is proposing an investment of up to $250 million in Stone Milliner Macro Fund, L.P (“SMMF”). This memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C.

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Fenix Investors: Primary dealers should emulate private equity

Primary Dealers Should Emulate Private Equity

Primary Dealers Should Emulate Private Equity The solution to banking crises is to have primary dealers emulate private equity: this restructuring of compensation restructures the manufacturing of credit. Specifically, this restructuring of compensation reduces the capital losses created in the manufacturing of credit, and inoculates primary dealers against insolvency. Primary Dealers: The Status Quo In

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Proposed Investment in RRJ Capital Master Fund III, L.P.

Memorandum to: State Investment Council From: Christopher McDonough, Director Subject: Proposed Investment in RRJ Capital Master Fund III, L.P. The New Jersey Division of Investment (“Division”) is proposing an investment of $150 million in RRJ Capital Master Fund III, L.P. (“RRJ III”). This memorandum is presented to the State Investment Council (the “Council”) pursuant to

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Proposed Investment in TPG Real Estate Partners II, L.P.

Memorandum to: State Investment Council From: Christopher McDonough, Director Subject: Proposed Investment in TPG Real Estate Partners II, L.P. The New Jersey Division of Investment (“Division”) is proposing an investment of up to $125 million in TPG Real Estate Partners II, L.P. Concurrently, the Division is proposing to reduce its commitment to TPG/NJ RE Partnership,

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Court: It is basic to our law that the board of directors has the ultimate responsibility

Excerpts: Mills Acquisition Co. v. Macmillan, Del.Supr., 559 A.2d 1261 (1989). In this interlocutory appeal from the Court of Chancery, we review the denial of injunctive relief to Mills Acquisition Co., a Delaware corporation, and its affiliates Tendclass Limited and Maxwell Communications Corp., PLC, both United Kingdom corporations substantially controlled by Robert Maxwell. Plaintiffs sought

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Proposed Investment in NJ/HitecVision Co-Investment Vehicle

Memorandum to: State Investment Council From: Christopher McDonough, Director Subject: Proposed Investment in NJ/HitecVision Co-Investment Vehicle The New Jersey Division of Investment (“Division”) is proposing an investment of up to $150 million in a co-investment vehicle managed by HitecVision. The vehicle will invest in potential co-investment opportunities identified by HitecVision, including, as an initial investment,

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Proposed Investment in KSL Capital Partners IV, L.P.

Memorandum to: State Investment Council From: Christopher McDonough, Director Subject: Proposed Investment in KSL Capital Partners IV, L.P. The New Jersey Division of Investment (“Division”) is proposing an investment of up to $100 million in KSL Capital Partners IV, L.P. This memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. 17:16-69.9.

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Proposed Investment in TGM Separate Account

Memorandum to: State Investment Council From: Christopher McDonough, Director Subject: Proposed Investment in TGM Separate Account The New Jersey Division of Investment (“Division”) is proposing an investment of up to $300 million in a separate account to be managed by TGM Associates, L.P. (“TGM”). This memorandum is presented to the State Investment Council (the “Council”)

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Proposed Investment in TPG Growth III, L.P.

Memorandum to: State Investment Council From: Christopher McDonough, Director Subject: Proposed Investment in TPG Growth III, L.P. The New Jersey Division of Investment (“Division”) is proposing an investment of up to $150 million in TPG Growth III, L.P. This memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. 17:16-69.9. The Division

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