Dec. 8 (Bloomberg) -- Blackstone Group LP, 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.
--Editors: Josh Friedman, Christian Baumgaertel
To contact the reporters on this story: Elise Young in Trenton at firstname.lastname@example.org; Devin Banerjee in New York at email@example.com
To contact the editor responsible for this story: Christian Baumgaertel at firstname.lastname@example.org -0- Dec/08/2011 17:22 GMT