NJ Division of Investment

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Logo" title="" class="dept-logo pr-1"><span class="align-middle department">Division of Investment</span></h2> </div> </div> </div> <div class="container-fluid treas-nav"> <div class="row justify-content-center"> <div id="" class="col-12 col-xl-10"> <nav class="navbar navbar-expand-lg navbar-dark x-bg-light px-0 justify-content-between">  <h2 class="navbar-brand x-mr-auto d-lg-none" href="/treasury/doinvest/">Division of Investment</h2> <button class="navbar-toggler" type="button" data-toggle="collapse" data-target="#navbarSupportedContent2" aria-controls="navbarSupportedContent2" aria-expanded="false" aria-label="Toggle navigation"> <span class="navbar-toggler-icon"></span> </button> <div class="collapse navbar-collapse" id="navbarSupportedContent2"> <ul class="navbar-nav mr-auto x-nav-pills"> <li class="nav-item pr-4"> <a class="nav-link" href="/treasury/doinvest/">Division of Investment <i class="fas fa-home"></i></a> </li> <li class="nav-item pr-4"> <a class="nav-link" href="/treasury/doinvest/sicreg.shtml">State Investment Council</a> </li> <li class="nav-item pr-4"> <a class="nav-link" href="/treasury/doinvest/rfp.shtml">Doing Business with DOI</a> </li> <li class="nav-item pr-4"> <a class="nav-link" href="/treasury/doinvest/proxy/governance.shtml">Corporate Governance and Sustainability</a> </li> <li class="nav-item dropdown pr-4"> <a class="nav-link dropdown-toggle" href="#" id="navbarDropdown" role="button" data-toggle="dropdown" aria-haspopup="true" aria-expanded="false"> Proxy Voting </a> <ul class="dropdown-menu" aria-labelledby="navbarDropdown Proxy"> <div class="d-flex p-1"> <div class="p-1"> <li><a class="dropdown-item" href="/treasury/doinvest/proxy/guidelines.shtml">Policy</a></li> <li><a class="dropdown-item" href="/treasury/doinvest/proxy/year-select.shtml">Records</a></li> </div> </div> </ul> </li> <li class="nav-item pr-4"> <a class="nav-link" href="https://www.state.nj.us/treasury/assets/contact/doinvest/contact-doinvest.shtml">Contact Us</a> </li> </ul> </div> </nav> </div> </div> </div>   <div class="container-fluid background-white"> <div class="row x-no-gutters justify-content-center my-5"> <div class="col-xl-3 col-lg-3 col-md-6 col-sm-12 col-xs-12"><br> <img src="/treasury/assets/img/investment/investment-reports.jpg" alt="people" class="img-fluid" > <div id="accordion" class="accordion"> <div class="card mb-0"> <div class="card-header collapsed" data-toggle="collapse" href="#collapseOne"> <a class="card-title" data-toggle="collapse" data-parent="#accordion" href="#collapseone" aria-expanded="true" aria-controls="collapseone"> Reports </a> </div> <div id="collapseOne" class="card-body collapse" data-parent="#accordion" > <ul> <li><a href="directorsreports.shtml">Director’s Monthly Investment Reports</a></li> <li><a href="monthly.shtml">Monthly Securities Transaction Reports</a></li> <li><a href="annual_rpt.shtml">SIC 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href="pdf/CMA-MWBE.pdf" target="_blank">MWBE</a> <i class="fa fa-file-pdf text-pdf"> </i></li> </ul> </div> </div> </div>   <img src="/treasury/assets/img/investment/investment-money.jpg" alt="resources" class="img-fluid"> <div id="accordion" class="accordion"> <div class="card mb-0"> <div class="card-header collapsed" data-toggle="collapse" data-parent="#accordion" href="#collapsethree"> <a class="card-title" data-toggle="collapse" data-parent="#accordion" href="#collapsethree" aria-expanded="true" aria-controls="collapsethree"> Cash Management Fund </a> </div> <div id="collapsethree" class="card-body collapse" data-parent="#accordion" > <ul> <li> <button type="button" class="btn bg-treas" data-toggle="modal" data-target="#portal"> Portal log-in </button>  <div class="modal fade" id="portal" tabindex="-1" role="dialog" aria-labelledby="modalLabelLarge" aria-hidden="true"> <div class="modal-dialog modal-lg"> <div class="modal-content"> <div class="card-header"> <h4 class="modal-title" id="modalLabelLarge">Portal log-in</h4> </div> <button type="button" class="close" data-dismiss="modal" aria-label="Close"> <span aria-hidden="true">×</span> </button> <div class="modal-body">  <p>If you need assistance or have questions with the portal, please email <strong>cmf@treas.nj.gov</strong> </p> <a href="https://www.your-fundaccount.com/NewJersey/Login.aspx" class="btn btn-outline-light bg-treas">Portal log-in</a> </div> </div> </div>  </div> <li><a href="cmf/CMF Financial Statements FY24.pdf" target="_blank">Financial Statements FY2024</a> <i class="fa fa-file-pdf text-pdf"> </i></li> </li> <li><a href="cmf/cmfapplication.pdf" target="_blank">CMF Application & Agreement</a> <i class="fa fa-file-pdf text-pdf"> </i></li>  <li><a href="https://www.njcourts.gov/sites/default/files/courts/civil/postprejudgmentrates.pdf" target="_blank">Rate of Interest on Judgments</a> <i class="fa fa-file-pdf text-pdf"> </i></li> <li><a href="cmf/cmfinstructions.pdf" target="_blank">Instructions</a> <i class="fa fa-file-pdf text-pdf"> </i></li> </ul> </div> </div> </div>   <img src="/treasury/assets/img/investment/investment-forms.jpg" alt="budget" class="img-fluid"> <div id="accordion" class="accordion"> <div class="card mb-0"> <div class="card-header collapsed" data-toggle="collapse" data-parent="#accordion" href="#collapsefour"> <a class="card-title" data-toggle="collapse" data-parent="#accordion" href="#collapsefour" aria-expanded="true" aria-controls="collapsefour"> Policies and Forms </a> </div> <div id="collapsefour" class="card-body collapse" data-parent="#accordion" > <ul> <li><a href="pdf/Sicreg/DueDiligence.pdf" target="_blank">Alternative Investment Due Diligence Procedures</a> <i class="fa fa-file-pdf text-pdf"></i></li> <li><a href="pdf/index/PlacementAgentPolicy.pdf" target="_blank">Placement Agent Policy Adobe</a> <i class="fa fa-file-pdf text-pdf"></i> </li> <li><a href="pdf/index/Political_contribution.pdf" target="_blank">Political Contribution Disclosure Form for Investment Management Firms</a> <i class="fa fa-file-pdf text-pdf"> </i></li> <li><a href="pdf/index/2024HolidayNoticeToVendors.doc" target="_blank">Special Holiday Notice to DOI Vendors</a> <i class="far fa-file-word text-word"> </i></li> <li><a href="https://advance.lexis.com/container?config=00JAA5OTY5MTdjZi1lMzYxLTQxNTEtOWFkNi0xMmU5ZTViODQ2M2MKAFBvZENhdGFsb2coFSYEAfv22IKqMT9DIHrf" target="_blank">NJ Administrative Code</a></li> <br> <br> </ul> </div> </div> </div>   <img src="/treasury/assets/img/investment/investment-environmental.jpg" alt="barings" class="img-fluid"> <div id="accordion" class="accordion"> <div class="card mb-0"> <div class="card-header collapsed" data-toggle="collapse" data-parent="#accordion" href="#collapsefive"> <a class="card-title" data-toggle="collapse" data-parent="#accordion" href="#collapsefive" aria-expanded="true" aria-controls="collapsefive"> Emerging Managers</a> </div> <div id="collapsefive" class="card-body collapse" data-parent="#accordion" >  <div id="accordion" class="accordion"> <div class="card mb-0"> <div class="card-header collapsed" data-toggle="collapse" data-parent="#accordion" href="#collapsecontact"> <a class="card-title" data-toggle="collapse" data-parent="#accordion" href="#collapsecontact" aria-expanded="true" aria-controls="collapsecontact"> Contact Information</a> </div> <div id="collapsecontact" class="card-body collapse" data-parent="#accordion" > <p>For Private Equity emerging manager inquiries or wish to forward materials, please submit your request to njopportunities@barings.com.</p> <p>For Real Estate emerging manager inquiries or wish to forward materials, please submit your request to NJREOpps@gcmlp.com.</p> </div> </div> </div>   <div id="accordion" class="accordion"> <div class="card mb-0"> <div class="card-header collapsed" data-toggle="collapse" data-parent="#accordion" href="#collapsepressreleases"> <a class="card-title" data-toggle="collapse" data-parent="#accordion" href="#collapsepressreleases" aria-expanded="true" aria-controls="collapsepressreleases"> Press Releases</a> </div> <div id="collapsepressreleases" class="card-body collapse" data-parent="#accordion" > <ul> <li><a href="../news/2023/06222023.shtml">New Jersey’s Emerging Managers Virtual Symposium Connects the Next Generation of Investment Partners to One of the Largest Public Pension Funds in the Nation</a></li> <li><a href="../news/2022/04272022.shtml">New Jersey’s $95 Billion Pension Fund Unveils Emerging Managers Program to Diversify Portfolio, Build the Next Generation of Investment Talent</a></li> </ul> </div> </div> </div>   <div id="accordion" class="accordion"> <div class="card mb-0"> <div class="card-header collapsed" data-toggle="collapse" data-parent="#accordion" href="#collapseemsymposium"> <a class="card-title" data-toggle="collapse" data-parent="#accordion" href="#collapseemsymposium" aria-expanded="true" aria-controls="collapseemsymposium"> EM Symposium Content</a> </div> <div id="collapseemsymposium" class="card-body collapse" data-parent="#accordion" > <li><a href="https://njdoi-em24.vfairs.com" target="_blank" onclick="MM_popupMsg('You are now leaving a Department of the Treasury Web Site. This link is provided as a courtesy and will open in a new window.\r\rThe site you are going to is not covered by the Department of the Treasury or the State of New Jersey privacy policies.\r\rPlease read the privacy policy for the new site.')">2024 New Jersey Emerging Managers Virtual Symposium</a></li> </div> </div> </div>  </div> </div> </div>  </div> <div class="col-xl-7 col-lg-7 col-md-6 col-sm-12 col-xs-12"> <div class="card border-0 d-block same"> <div class="card-body"> <img src="/treasury/assets/img/investment/investment-welcome.jpg" alt="budget" class="img-fluid"> <div class="row"> <div class="col-md-7"> <p> <h4>Welcome to the Division of Investment</h4> <p>The Division, under the Council’s supervision, is one of the largest U.S. pension fund managers in the United States. The Division directly manages all or a portion of the assets of seven public pension systems: the Consolidated Police & Firemen’s Pension Fund, the Judicial Retirement System of New Jersey, the Police & Firemen’s Retirement System of New Jersey, the Prison Officers’ Pension Fund, the Public Employees’ Retirement System, the State Police Retirement System of New Jersey and the Teachers’ Pension & Annuity Fund (collectively referred to in this report as the “Pension Fund”). The Pension Fund supports the retirement plans of over 837,000 members.; The net asset value of Pension Fund assets directly managed by the Division was approximately $70.5 billion as of November 30, 2024. The Division also manages the State of New Jersey Cash Management Fund (a local government investment pool), the Supplemental Annuity Collective Trust (a 403b plan), a portion of the NJBEST Fund (a 529 college savings plan) as well as several funds under the New Jersey State Employees Deferred Compensation Plan (a 457 plan).</p> </div> <div class="col-md-5"> <p> <h5><strong>Shoaib Khan, Director</strong></h5> <br> <strong>Physical Location & Courier Mail Address:</strong><br> 50 West State Street,<br> 9th Floor<br> Trenton, NJ 08608-0290<br> <br> <strong>USPS Mail Address:</strong><br> PO Box 290<br> Trenton, NJ 08625-0290 <br> <br> <strong>Notices:</strong><br> <ul> <li><a href="../news/2023/05232023.shtml">Treasury Announces Hiring of Head of Private Equity in Division of Investment</a></li> <li><a href="pdf/index/2024HolidayNoticeToVendors.doc" target="_blank">2024 Holiday Notice to Vendors</a> <i class="fa fa-file-word text-word"></i></li> <li><a href="../news/2023/01252023.shtml">Division of Investment Announces Appointment of Two Deputy Directors</a></li> <li><a href="../news/2023/04112023.shtml">Treasury Announces Hiring of Head of Private Credit in Division of Investment</a></li> </ul> </div> </div> </div> </div> </div> </div> </div>  <div class="container-fluid background-gray "> <div class="row justify-content-center my-5"> <div class="col-xl-7 col-lg-7 col-md-12 col-sm-12 col-xs-12"> <div class="card border-0 d-block same"> <div class="card-body"> <h4 class="card-title text-center">TOTAL PENSION FUND<br>  $70.2 billion<sup>1</sup><sup></sup> </h4> <p> <center> <sup>1</sup>Net asset value of Pension Fund assets (excluding assets of the Police & Firemen’s Retirement System of New Jersey) as of December 31, 2024 (unaudited). </center> <div class="row justify-content-center"> <div class="col-xl-3 col-lg-3 col-md-12 col-sm-12 col-xs-12"> <br> <br> <img src="assets/legend2.png" alt="legend"/> </src> </div> <div class="col-xl-7 col-lg-7 col-md-12 col-sm-12 col-xs-12"> <div id="canvas-holder"> <canvas id="chart-area"></canvas> <div id="chartjs-tooltip"> <table> </table> </div> </a></div> </div> </div> </p> </div> </div> </div> <div class="col-xl-3 col-lg-3 col-md-12 col-sm-12 col-xs-12"> <div class="card border-0 d-block same"> <div class="card-body"> <h4 class="card-title text-center">Cash Management Fund <br> Rate of Return</h4>  <table class="table table-repsonsive table-sm table-bordered table-striped"> <thead> <tr> <th colspan="3" id="co1" class="bg-treas text-center">Cash Management Fund<br> Rate of Return</th> </tr> <tr class="text-center background-invest-2nd-tb-header"> <th>Annualized Monthly Rate</th> <th id="co4">State</th> <th id="co5">Other-than-State</th> </tr> </thead> <tbody>  <tr> <td><p>January, 2025</p></td> <td><p align="center">4.38</p></td> <td><p align="center">4.32</p></td> </tr> <tr> <td><p>December, 2024</p></td> <td><p align="center">4.52</p></td> <td><p align="center">4.46</p></td> 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