New Hampshire Retirement System, Concord, committed $150 million to a private equity co-investment strategy managed by BlackRock Private Equity Partners, spokesman Marty Karlon said.
The $7.3 billion pension fund's commitment will take place over the next three to five years, Mr. Karlon said.
Separately, the pension fund terminated Pacific Investment Management Co. from a $200 million active domestic core-plus fixed-income portfolio. The account had been cut in half in August as part of an effort to diversify the pension fund's fixed-income portfolio when it hired GAM USA to run $200 million in an unconstrained fixed-income portfolio.
Mr. Karlon said assets from the PIMCO termination will be allocated to a global multisector fixed-income manager to be chosen at the Nov. 21 investment committee meeting.
Multiple pension funds have terminated PIMCO in recent weeks following the resignation of William H. Gross, PIMCO co-founder and chief investment officer, on Sept. 26, but Mr. Karlon said the pension fund had no further comment.
