News & Analysis

NHRS approves $50m commitment to Atalaya Special Opportunities Fund VIII

The US public pension establishes a new relationship with Atalaya Capital Management.

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Institution: New Hampshire Retirement System
Headquarters: Concord, United States
AUM: $11.45 billion
Allocation to alternatives: 26.6%

New Hampshire Retirement System has approved a $50 million commitment to Atalaya Special Opportunities Fund VIII, a contact at the pension confirmed to Private Debt Investor.

This is a first-time commitment made by the pension to fund manager Atalaya Capital Management. Earlier this year, NHRS disclosed plans to commit $70 million to private debt in 2021.

As illustrated below, the pension’s recent commitments have been primarily to senior and distressed debt vehicles targeting the corporate sector. NHRS has a 5 percent target allocation to private debt that currently stands at 4.65 percent.

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