New Jersey Division of Investment to Host Emerging Manager Conference

The New Jersey Division of Investment, seeking to expand its emerging manager program, is hosting an emerging manager conference next month. The event, called the 2024 New Jersey emerging managers virtual symposium, will be held virtually on June 26, 2024.

Speakers will include New Jersey Division of Investment’s Shoaib Khan and New Jersey Governor Phil Murphy, and breakout panels will be available throughout the day. The session topics include a conversation with consultants about the opportunities and challenges for emerging advisers in public markets; sessions on emerging managers in real estate, private equity; as well as sessions on fundraising and other topics.

Murphy’s administration launched an emerging managers initiative in 2022 to diversify the state’s private markets portfolio.

DOI is hosting the event as it seeks to expand its investments with emerging managers in private equity and real estate. In addition to the virtual event in June, an in-person event for emerging private equity and real estate managers will be held in New York City on Wednesday, July 10, 2024. To attend, interested parties must contact the DOI directly to register.

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Qualifying private equity firms for the in-person event must either run a buyout or growth strategy and be targeting less than $1 billion for funds I, II and III. Real estate investment firms interested must be perusing a real estate investment strategy with the same fund size parameters.

To attend the in-person event, the following information should be provided to the DOI:

Brief overview of firm’s investment strategy and focus areas;
Track record and highlights of recent transactions;
Any unique value propositions or competitive advantages that the firm offers; and
Team bios and key personnel involved in deal execution and other functions.

The DOI manages $96.8 billion in assets of New Jersey’s seven public pension systems for more than 815,000 beneficiaries.

The upcoming events follow similar events hosted this year by consulting and fiduciary management firm Meketa Investment Group as well as by public pension funds in New York and Texas.

Research published earlier this year by Fairview Capital found that the number of diverse managers in venture capital and private equity grew to 907 at the end of 2023 from 760 at the end of 2022.