NHRS approves $50m commitment

The US public pension has backed a senior debt vehicle.

Institution: New Hampshire Retirement System
Headquarters: Concord, United States
AUM: $9.34 billion
Allocation to alternatives: 28.5%

New Hampshire Retirement System has approved a $50 million commitment to Monroe Capital Private Credit Fund IV, as mentioned during the institution’s December 2020 investment committee meeting.

This commitment was made to one of the institution’s existing managers, Monroe Capital. The pension has made previous commitments to Monroe Capital Private Credit Fund III and Monroe Capital Private Credit Fund II.

As illustrated below, the pension’s recent commitments have been to senior and distressed debt vehicles targeting the corporate sector. NHRS has a 5 percent target allocation to private debt that currently stands at 6.1 percent.

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