NHRS approves commitment pacing plan

The US public pension is aiming to lower allocation to align with target over the next 10 years.

Institution: New Hampshire Retirement System
Headquarters: Concord, United States
AUM: $9.9 billion
Allocation to alternatives: 28.5%

New Hampshire Retirement System has approved its 10-year commitment pacing plan, according to the pension’s January 2021 investment committee meeting document. The pension aims to gradually reduce its current allocation towards its target and also maintain vintage-year diversification.

The $9.9 billion US public pension plans to adopt a selective approach to private equity commitments for the remainder of 2021 then make ensuing annual commitments of $225 million.

As illustrated below, NHRS has a 10 percent target allocation to private equity that currently stands at 12.3 percent. The pension’s director of investments is Lawrence Johansen and its investment consultant is Callan LLC.

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