New Hampshire Retirement System, Concord, committed $50 million to Actis Energy 4, a private equity energy fund, said Marty Karlon, pension fund spokesman, in an e-mail.
It is the $7.6 billion pension fund’s first commitment to a fund managed by Actis.
Separately, the pension fund terminated Institutional Capital from a $222 million active domestic large-cap value equity portfolio. The termination was due to changes in the strategy’s management.
The assets were placed into an existing S&P 500 index fund managed by BlackRock (BLK), giving that fund a total of $1.16 billion in plan assets. There will not be a search for a replacement. Further information was not available by press time.