Institution: New Hampshire Retirement System
Headquarters: Concord, US
AUM: $10.65 billion
New Hampshire Retirement System has made a $50 million commitment to Ares Pathfinder Fund II, a contact at the pension has confirmed.
This is a new manager for NHRS and enables the pension to diversify its private credit allocation, which is now approximately two-thirds senior direct lending.
The asset-backed Pathfinder Fund II has a target of $5 billion and is expected to have a final close in the first quarter of 2024.
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