New Hampshire Retirement System, Concord, hired Carlyle Group to run $150 million in a strategic managed account, confirmed fund spokesman Marty Karlon.
Carlyle will run the strategic managed account for the $7 billion pension fund and will invest in Carlyle private equity funds that invest in Africa, South America, Asia and Japan.
The pension fund also committed $50 million to CCMP Capital Investors III, a buyout fund managed by CCMP Capital Advisors.
Separately, the pension fund withdrew its commitment to mezzanine debt fund Lighthouse Capital Partners VII. The pension fund originally committed $20 million to the fund in August 2012.
Mr. Karlon said in a telephone interview that no money had been invested yet. The pension fund’s investment committee withdrew the commitment, he said, because the fund had not closed yet and committee members did not believe it would close.
Rick Stubblefield and Gwill York, co-founders and managing directors at Lighthouse Capital Partners, could not be reached by press time.
Investment consultant NEPC assisted.