The New Jersey Division of Investment committed up to $1.175 billion for the $79.2 billion New Jersey Pension Fund, Trenton, said Christopher Santarelli, a spokesman for the state Treasury Department, according to Pensions & Investments. 

The division will make up to $900 million in commitments to existing separate accounts and two new commingled funds managed by Och-Ziff Capital Management Group.

The division also announced a $150 million private equity commitment to RRJ Capital Master Fund III.

The New Jersey Pension Fund committed up to $125 million to TPG Real Estate Partners II.

The division said is also seeking to redeem its full interest in BlueCrest Capital International Ltd. because it “underperformed expectations.”

The division also is seeking to redeem its full $148.6 million interest in Regiment Capital Fund.