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NHRS approves commitment pacing plan

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

Institution: New Hampshire Retirement System
Headquarters: Concord, US
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 commit $70 million to private debt during the rest of 2021 then make ensuing annual commitments of $170 million.

As illustrated below, NHRS has a 5 percent target allocation to private debt that currently stands at 6.1 percent. The pension’s director of investments is Lawrence Johansen and its investment consultant is Callan LLC.

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