State of New Jersey Common Pension Fund A
State of New Jersey Common Pension Fund A is a public pension fund managed by the New Jersey Division of Investment, headquartered in Trenton, NJ. The Division is responsible for investing and managing the assets of New Jersey's public employee retirement systems and several other state investment pools. As of June 30, 2024, the Division manages roughly $69.5 billion for over 837,000 public sector members. Established to provide secure retirement benefits, the Division is one of the largest pension fund managers in the United States, serving public employees, retirees, and other public-sector participants.
Investment Strategy
State of New Jersey Common Pension Fund A employs a diversified, long-term investment strategy focused on preserving capital while achieving sustainable growth to meet pension obligations. The Division strategically allocates assets across a broad range of classes, including equities, fixed income, private equity, real estate, and alternative investments. The investment philosophy prioritizes risk management, prudent diversification, and responsible stewardship with oversight from the State Investment Council. The fund periodically adjusts allocations to align with changing market dynamics and evolving actuarial needs, always maintaining compliance with fiduciary standards and state mandates.
Top Holdings
Equity Positions (2)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
O OBDC | BLUE OWL CAPITAL CORPORATION | 76.22% | $218.9M | 15,263,873 | $14.34 | $14.34 | +$218.9M |
O OWL | BLUE OWL CAPITAL INC | 23.78% | $68.3M | 3,555,770 | $17.81 | $19.21 | -$3.0M |