NHRS approves $50 million commitment

The US public pension has backed a middle market direct lending vehicle.

Institution: New Hampshire Retirement System
Headquarters: Concord, United States
AUM: $9.55bn
Allocation to alternatives: 29.20%
Bitesize: $50-1000m

New Hampshire Retirement System has approved a $50 million commitment to Comvest Credit Partners V, as mentioned during the institution’s April 2020 Retirement Board meeting.

The $9.55 billion US public pension has a 10 percent target allocation to private equity that currently stands at 12.4 percent.

As illustrated below, the NHRS’ five previous private equity commitments have comprised of two vehicles that focus on subordinated/mezzanine strategies, two commitments to funds secondaries strategies and a co-investment vehicle.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.