8legs: New jersey division of investment

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New Jersey pension fund cuts private equity, real estate targets — adds investment-grade private credit

New Jersey’s pension fund reduced allocations to private equity and real estate to reallocate toward other holdings.
The fund is increasing its exposure to investment-grade private credit as part of the shift.
Officials and industry observers cited liquidity considerations driving the reallocation strategy.
The move aligns with broader pension fund strategies to diversify risk across asset classes.
The report highlights a focus on liquidity management within institutional portfolios.
The pension fund's board and fund managers are evaluating performance metrics and signals for asset allocation.
The article indicates ongoing market commentary from fund leadership and asset managers about private credit.
The coverage comes from Pensions & Investments, with context on policy and market conditions affecting allocations.
The changes are part of a broader reassessment of risk, liquidity, and return targets for the New Jersey fund.

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