Blackstone May Get Up to $1.8 Billion From New Jersey Pension

Blackstone Group LP (BX), the world’s largest private-equity firm, may receive as much as $1.8 billion in commitments from the New Jersey Division of Investment.

The state pension system proposes investing $1.5 billion in four separate accounts to be managed by Blackstone and $300 million in three traditional funds, according to documents prepared for a public meeting today.

To contact the reporters on this story: Elise Young in Trenton at; Devin Banerjee in New York at

To contact the editor responsible for this story: Christian Baumgaertel at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.