NHRS approves $75m commitment

The US public pension re-ups with Thoma Bravo.

Institution: New Hampshire Retirement System
Headquarters: Concord, United States
AUM: $9.2 billion
Allocation to alternatives: 29%

New Hampshire Retirement System has approved a $75 million commitment to Thoma Bravo Fund XIV, as mentioned during the institution’s September 2020 Retirement Board meeting.

The commitment is a re-up with one of the pension’s existing managers, Thoma Bravo. NHRS has made previous commitments to Thoma Bravo Fund XII and Thoma Bravo Fund XIII

As illustrated below, the pension’s recent private equity commitments have been to funds that focus primarily on North American investments. The $9.2 billion US public pension has a 10 percent target allocation to private equity that currently stands at 11.9 percent.

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