New Hampshire Retirement System, Concord, committed $50 million to HarbourVest International Private Equity Partners VIII, a buyout fund of funds focused outside the U.S. and managed by HarbourVest Partners, said Marty Karlon, New Hampshire spokesman, in an e-mail.
The $7.6 billion pension fund in 2014 committed $50 million to HarbourVest International Private Equity Partners VII. The pension fund’s most recent commitment to a HarbourVest fund was $50 million to secondary private equity fund Dover Street IX in 2015.
Separately, the pension fund renewed contracts for two years with existing managers AllianceBernstein and Thompson, Siegel & Walmsley, which run active domestic smidcap equity portfolios of $291 million and $223 million, respectively. Their contracts now end on Nov. 30, 2018. The pension fund also renewed contracts for two years for DoubleLine Capital, which manages $53 million in an active unconstrained global fixed-income portfolio, and Wellington Management, which runs $267 million in active domestic small-cap equities. Those now expire on Oct. 31, 2018. No RFPs were issued.
Investment consultant NEPC assisted.