David G. Barry
The New Jersey Division of Investment’s head of private equity and private credit, Jared Speicher, has stepped down from that position to take a key role with MetLife Investment Management.
Speicher tells Markets Group that he is joining MetLife as a director of private equity and will head North American buyouts.
Speicher was with New Jersey for more than six years. In that role, he managed a more than $19 billion portfolio for the $92 billion New Jersey Pension Fund, according to data through April. Private equity was valued at $12 billion, or 13% of the fund. Private credit was valued at $6.6 billion, or 7.23% of the fund.
joined New Jersey after five years as a director with Analytical Research,
where he was a consultant to European corporate pension plans invested in
Shoaib Khan, the Division of Investment’s director and chief investment officer, said at a board meeting that the Division’s alternatives team has added three new individuals. The Division also is currently seeking a deputy CIO. Khan was in that role before being elevated in May to CIO. He had served as acting CIO for essentially a year after the departure of Corey Amon, who left to be CIO of the National Rural Electric Cooperative Association.