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NHRS approves $50m commitment

The US public pension has re-upped with an existing manager.

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Institution: New Hampshire Retirement System
Headquarters: Concord, United States
AUM: $9.34 billion
Allocation to alternatives: 28.5%

New Hampshire Retirement System has approved a $50 million commitment to Monroe Capital Private Credit Fund IV, as mentioned during the institution’s December 2020 investment committee meeting.

This commitment was made to one of the institution’s existing managers, Monroe Capital. The pension has made previous commitments to Monroe Capital Private Credit Fund III and Monroe Capital Private Credit Fund II.

As illustrated below, the pension’s recent private equity commitments have been to funds that focus primarily on North American investments. NHRS has a 10 percent target allocation to private equity that currently stands at 12.3 percent.

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