NHRS approves $75 million in commitments

The US public pension fund has backed two North America-focused private equity funds.

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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