Domenic DiPiero joins New Jersey State Investment Council

By AI, Created 11:08 AM UTC, May 20, 2026, /AGP/ – Governor of New Jersey appointed Newport Capital Group founder Domenic DiPiero to the New Jersey State Investment Council on May 6, 2026. The role puts him in a position to help oversee investment policy for the state’s public pension and retirement funds.

Why it matters: - The New Jersey State Investment Council helps set policy for the state’s public pension and retirement funds. - DiPiero’s appointment adds a fiduciary and institutional-investing voice to oversight of assets tied to public employees and retirees. - The role carries responsibility for long-term stewardship of retirement savings that affect state finances and beneficiary security.

What happened: - Governor of New Jersey appointed Domenic DiPiero to the New Jersey State Investment Council on May 6, 2026. - DiPiero is president and founder of Newport Capital Group. - In the role, DiPiero will work with Council members on investment policy and fiduciary management. - The Council works with the Division of Investment to oversee the state’s public pension and retirement funds.

The details: - The New Jersey State Investment Council establishes investment policies and provides oversight for the state’s public pension and retirement funds. - The Council’s mandate is to support prudent, long-term stewardship of those assets. - DiPiero founded Newport Capital Group as a single-family office. - Newport Capital Group has grown into an investment advisory firm serving institutions, foundations, endowments, affluent families, business owners and executives. - DiPiero’s background spans decades of institutional investment and fiduciary experience. - DiPiero said he does not take lightly the responsibility of helping protect the life savings of New Jersey’s public employees and retirees. - DiPiero said he looks forward to working with fellow Council members to steward the assets with care, integrity and a long-term perspective. - Newport Capital Group received recognition in 2025 from Barron’s, Pensions & Investments and Financial Advisor Magazine. - DiPiero serves on the boards of Drexel University and Hackensack Meridian Health as treasurer and chairs both organizations’ investment committees. - DiPiero is chairman of The Two River Times Foundation. - His prior leadership roles include advisory work with Villanova University and Salve Regina University. - DiPiero also served as a director of GulfMark Offshore before its acquisition by Tidewater Inc. - DiPiero previously served as a gubernatorial appointee to the New Jersey State Police Retirement System Board. - DiPiero is an active member of Young Presidents’ Organization.

Between the lines: - The appointment signals that New Jersey is relying on experienced private-sector fiduciary talent for a public retirement oversight role. - DiPiero’s mix of investment management, nonprofit board work and prior state pension board service suggests the governor wanted a candidate with both financial and governance experience. - The announcement also reinforces Newport Capital Group’s profile in the wealth-management and institutional-advisory market.

What’s next: - DiPiero will begin serving alongside other Council members as they review investment policy and oversight responsibilities. - The Council will continue working with the Division of Investment on the management of the state’s retirement assets. - Newport Capital Group will continue operating as an independently owned investment advisory firm serving organizations and families nationwide.

The bottom line: - DiPiero’s appointment places a seasoned fiduciary and investor inside the group that helps guide New Jersey’s public retirement funds.