State of New Jersey fund files 13G on TRTX; 5.97% ownership

Rhea-AI Filing Summary

State of New Jersey Common Pension Fund E filed a Schedule 13G disclosing a passive stake in TPG RE Finance Trust, Inc. (TRTX). The fund reported beneficial ownership of 4,693,916 shares, representing 5.97% of the outstanding common stock, as of 08/05/2025.

The filer has sole voting power and sole dispositive power over 4,693,916 shares, with no shared power. The certification states the securities were acquired and are held in the ordinary course of business and not to change or influence control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

TPG RE Finance Trust, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

87266M107

(CUSIP Number)

08/05/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 87266M107

1

Names of Reporting Persons

State of New Jersey Common Pension Fund E

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,693,916.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,693,916.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,693,916.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.97 %

12

Type of Reporting Person (See Instructions)

EP

Comment for Type of Reporting Person: EP This Schedule 13G is filed by the State of New Jersey Common Pension Fund E (the "Fund").The Fund is one of several common trust funds established pursuant to New Jersey State law for the purpose of investing the assets of all or a portion of the seven State pension funds. The fund is managed by the Division of Investment, Department of the Treasury, State of New Jersey under the supervision of the State Investment Council ("Council'). Investment authority for the fund is vested in the Director of the Division of Investment, who is appointed by the State Treasurer of the State of New Jersey from candidates nominated by the Council.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TPG RE Finance Trust, Inc.
(b)	Address of issuer's principal executive offices: C/O TPG CAPITAL, L.P., 345 CALIFORNIA STREET, SUITE 3300, SAN FRANCISCO, CALIFORNIA 94104
Item 2.
(a)	Name of person filing: State of New Jersey Common Pension Fund E
(b)	Address or principal business office or, if none, residence: 50 West State Street 9th Floor PO Box 290 Trenton, New Jersey 08625
(c)	Citizenship: State of New Jersey Common Pension Fund E - UNITED STATES
(d)	Title of class of securities: Common Stock, par value $0.001 per share
(e)	CUSIP No.: 87266M107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4,693,916
(b)	Percent of class: 5.97 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: State of New Jersey Common Pension Fund E - 4,693,916
	(ii) Shared power to vote or to direct the vote: State of New Jersey Common Pension Fund E - 0
	(iii) Sole power to dispose or to direct the disposition of: State of New Jersey Common Pension Fund E - 4,693,916
	(iv) Shared power to dispose or to direct the disposition of: State of New Jersey Common Pension Fund E - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

State of New Jersey Common Pension Fund E

Signature:	/s/Shoaib Khan
Name/Title:	Shoaib Khan - Director
Date:	10/16/2025

FAQ

What did the State of New Jersey Common Pension Fund E disclose about TRTX?

It reported a passive Schedule 13G stake in TRTX with 4,693,916 shares, equal to 5.97% of the common stock.

How many TRTX shares does the fund beneficially own and what percent is that?

It beneficially owns 4,693,916 shares, representing 5.97% of the class.

Does the filer have voting or dispositive control over the shares?

Yes. It has sole voting power and sole dispositive power over 4,693,916 shares; shared power is 0.

Is the Schedule 13G filing passive or intended to influence control?

The certification states the shares were acquired and are held in the ordinary course and not to change or influence control.

What is the relevant date tied to this ownership report?

The Date of Event Which Requires Filing is 08/05/2025.

What class of securities is covered in this filing for TRTX?

TRTX Common Stock, par value $0.001 per share, CUSIP 87266M107.