Institution: New Hampshire Retirement System
Headquarters: Concord, United States
AUM: $9.9 billion
Allocation to alternatives: 28.5%
This commitment was made to one of the institution’s existing managers, Crescent Capital Group. The fund manager will target private equity-backed lower mid-market sized borrowers.
As illustrated below, the pension’s recent commitments have been primarily to senior 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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