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New Jersey Division of Investment (NJDOI)
The New Jersey Division of Investment operates as the dedicated investment office for the state's pension funds. No public founding date appears in available...
New Jersey Division of Investment (NJDOI)
The New Jersey Division of Investment operates as the dedicated investment office for the state's pension funds. No public founding date appears in available records. Assets support retirement obligations for public employees across New Jersey. Allocations span private equity, real estate, and select commodities. Confirmed holdings include commitments to Bain Capital Fund XIV, EQT BPEA Private Equity Fund IX, Carlyle Realty Partners X, and Morgan Stanley Prime Property Fund. Real estate exposure covers U.S. apartments through TGM Apartment Partners II and industrial assets via Hillwood U.S. Industrial Club VII. Geographic reach centers on the United States with additional positions in Europe and Asia-Pacific through fund commitments. The division reports 70,200 million USD in assets under management. It maintains relationships with consultants including RVK, Aksia, Hamilton Lane, and GCM Grosvenor. Two 2024 events show sponsorship activity: the New Jersey Emerging Managers Virtual Symposium in June and an in-person emerging managers event in New York City in July. Governance runs through the State Investment Council. The structure separates investment execution from plan administration while retaining direct oversight of manager selection and asset allocation.
General information
Firm type
Pension Fund
Year founded
1950
Location
Region
North America
Country
United States
City
Trenton
Corporate office
Trenton, United States
Principals
Shoaib Khan
Director and Chief Investment Officer
Deepak Raj
Chair of the State Investment Council
Adam Liebtag
Vice-Chair of the State Investment Council
Sector focus
Frequently asked questions
Who runs investment decisions at NJDOI?
Shoaib Khan holds the role of Director and Chief Investment Officer. Deepak Raj chairs the State Investment Council and Adam Liebtag serves as vice-chair.
Does NJDOI participate in fund commitments or only direct deals?
NJDOI makes commitments to external funds. Holdings include Bain Capital Fund XIV, EQT BPEA Private Equity Fund IX, and Carlyle Realty Partners X.
What asset classes appear in NJDOI portfolios?
Portfolios include public equities, real estate, private equity, and limited commodity exposure. Real estate commitments cover apartments, industrial, and opportunistic strategies.
How does NJDOI engage with emerging managers?
NJDOI sponsored the New Jersey Emerging Managers Virtual Symposium in June 2024 and an in-person event in New York City in July 2024. GCM Grosvenor supports the emerging manager program.
Which regions receive NJDOI capital?
Primary exposure sits in the United States. Additional commitments reach Europe and Asia-Pacific through private equity funds.
Does NJDOI hold any public equity positions?
Yes. Reported holdings include MicroStrategy for indirect Bitcoin exposure and Blue Owl Technology Finance Corp. International equity exposure includes the iShares Core MSCI EAFE ETF.
What service providers support NJDOI operations?
State Street acts as custodian. RVK serves as general investment consultant and Aksia as private equity consultant.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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