# NJ Division of Investment

NJ Division of Investment is a Pension Fund based in Trenton, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Trenton, United States
- **Region:** North America
- **Address:** 50 West State Street, 9th Floor, Trenton, NJ 08608-0290, United States
- **Founded:** 1950
- **Assets under management:** 79700 (Altss estimate)
- **Website:** nj.gov/treasury/doinvest

## Regulatory record

- **Reports private funds:** No

## About

The New Jersey Division of Investment was founded in 1950. It manages the state's public pension and retirement system assets. It oversees funds for over 837,000 members across seven public pension systems as one of the largest U.S. pension fund managers.

## Sectors

- Public Equities
- Private Equity
- Real Estate
- Infrastructure

## People

- Shoaib Khan — Director and Chief Investment Officer

## Questions

### Who runs investment decisions at NJ Division of Investment?

Shoaib Khan serves as Director and Chief Investment Officer. The State Investment Council, chaired by Deepak Raj, sets policy.

### Does NJ Division of Investment participate in fund commitments or only direct deals?

The division makes both fund commitments and direct investments. Examples include commitments to EQT Infrastructure VI and ownership in TGM Apartment Partners II.

### Which asset classes does NJ Division of Investment target?

Allocations span public equities, private equity, real estate, and infrastructure. Holdings include NVIDIA equity and commitments to Carlyle Realty Partners X.

### Where does NJ Division of Investment maintain geographic exposure?

Primary exposure is in the United States with additional global infrastructure and private equity investments. Funds such as Stonepeak Infrastructure Fund IV cover multiple regions.

### How is NJ Division of Investment related to external advisors?

Neuberger Berman has served as an investment advisor since 2007. Additional advisors include Aksia, Barings, and GCM Grosvenor.

### What professional networks does NJ Division of Investment belong to?

The division is a member of the Institutional Limited Partners Association, Principles for Responsible Investment, and Council of Institutional Investors.

### What recent events has NJ Division of Investment participated in?

In June 2024 the division sponsored the New Jersey Emerging Managers Virtual Symposium on real estate, private equity, and private credit.

## Related profiles

- [Blackstone Alternative Asset Management (BAAM)](https://altss.com/profile/blackstone-alternative-asset-management-baam)
- [Pennsylvania Public School Employees' Retirement System](https://altss.com/profile/pennsylvania-public-school-employees-retirement-system)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/nj-division-of-investment

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