---
title: NJ DOI Commits $1B to Alts
description: NJ DOI Commits $1B to Alts
---

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# [NJ DOI Commits $1B to Alts](https://dakotafunds.com/dakota-funds/fundraising-news/nj-doi-commits-1b-to-alts)

 Written by [Jane Bailey, Marketing Associate](https://dakotafunds.com/dakota-funds/author/jane-bailey-marketing-associate) | February 07, 2024

The New Jersey Division of Investments has approved three commitments totalling $1.64 billion to real assets, private credit, and real estate.

$500 million was allocated to NJ – StepStone Real Assets SMA. 

In private credit, $414 million was allocated to Blackstone Tactical Opportunities Fund A.

In real estate, $150 million was allocated to KSL Capital Partners Tactical Opportunities Fund II.

As of December 31, 2023, the $95 billion Investment Fund allocates 2.3% to real assets with a target of 3%. 

Additionally, the Investment Fund currently allocates 7.06% to private credit with a target of 8%.

Lastly, NJ DOI currently allocates 5.57% to real estate with a target allocation of 8%.

*For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of [Dakota Marketplace](https://www.dakota.com/dakota-marketplace)!*

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