Institution: New Hampshire Retirement System
Headquarters: Concord, United States
AUM: $8.84bn
Allocation to alternatives: 28.0%
Bitesize: $10-50m
New Hampshire Retirement System (NHRS) has approved commitments of up to $25 million to Dover Street X and up to $50 million to Top Tier Venture Velocity Fund III, a contact at the pension informed Private Equity International.
The $8.84 billion US public pension has a 10.0 percent target allocation to private equity which currently stands at 12.0 percent.
As illustrated in the charts below, NHRS have made five commitments to private equity funds with a 2018 and 2019 vintage, which combined constitute $200 million.
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