New Hampshire Retirement System, Concord, committed $50 million to Apollo Investment Fund IX, a buyout fund managed by Apollo Global Management, said Marty Karlon, spokesman, in an email.
It is the $7.8 billion pension fund’s first commitment to an Apollo fund.
Separately, the pension fund’s investment committee on April 21 approved two-year contract renewals for Aberdeen Asset Management, which runs $86 million in active emerging markets small-cap equities, through June 2019; Manulife Asset Management, which runs $208 million in active domestic fixed income, through February 2019; and Wellington Management, which runs $96 million in active emerging markets equities, through June 2019. No RFPs were issued.
Investment consultant NEPC assisted.