University System of New Hampshire endowment commits to venture capital fund of funds

University System of New Hampshire, Concord, committed $4 million to Greenspring Global Partners VIII, a venture capital fund of funds, for its $463 million combined endowment pool, said recently released draft minutes from the university's finance committee for investments.

The committee approved the commitment to the fund managed by Greenspring Associates at its Jan. 19 meeting. The minutes said that university system had made previous commitments to Greenspring, but no further details were provided.

Investment consultant Prime, Buchholz & Associates assisted.

Karen Benincasa, the system's director, finance and treasury, and associate treasurer, could not be immediately reached to provide further information.