Niraj Agarwal

Head of Real Assets at New Jersey Division of Investment

Speaker

Niraj Agarwal is the Head of Real Assets at the c. $90 billion New Jersey Division of Investment and also serves on the pension fund’s Asset Allocation committee. Niraj runs investment programs focused on private equity across infrastructure, real estate, natural resources, agriculture and other real assets, and invests via commingled funds, co-investments/secondaries and programmatic separate accounts. He serves on a number of Boards and is responsible for launching investments into Infrastructure and Energy Transition/Renewables for the pension which account for over $1.5 billion of new capital deployment. Prior to NJ, Niraj was a Portfolio Manager in the Real Assets team at the c. $500 billion CalPERS pension, where he built the infrastructure portfolio from c. $2 billion to c. $6 billion via directs, funds, co-investments and separate accounts, and also built the renewables investment program to c. 2GW of operating wind and solar. Prior to CalPERS, Niraj was an investment banker in NY where he closed over $13 billion of transactions across sectors.