New Hampshire Retirement System commits $25 million to venture capital fund of funds

New Hampshire Retirement System, Concord, committed $25 million to Industry Ventures Partnership Holdings V, a venture capital fund of funds, spokesman Marty Karlon said in an email.

The $9 billion pension fund previously committed $20 million to Industry Ventures Partnership Holdings IV in 2015.

As of Dec. 31, the pension fund's allocation to alternative investments was 16.4%.