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