New Hampshire Retirement System, Concord, committed $50 million to BlueBay Direct Lending Fund III, a European senior loan fund managed by BlueBay Asset Management, spokesman Marty Karlon said in an email.
The $8.7 billion pension fund previously committed $50 million to BlueBay Direct Lending Fund II in August 2015.
As of Dec. 31, the pension fund's allocation to alternative assets was 16.4%. The target is 15%.
