New Hampshire Retirement System, Concord, committed $50 million to Monroe Capital Private Credit Fund III, a middle-market direct lending fund, said Marty Karlon, spokesman, in an email.
The $8.7 billion pension fund previously committed $50 million to Monroe Capital Private Credit Fund II in August 2015 and $50 million to Monroe Capital Senior Secured Direct Loan Fund in July 2013.
As of March 31, the actual allocation to alternative investments was 17.2%. The target is 15%.
Separately, the pension fund renewed the contracts of money managers LSV Asset Management and Neuberger Berman for two years each. LSV manages $329 million in active domestic large-cap equities, with the new contract now expiring June 30, 2020, and its contract for $239 million in active international core equities now expires on Sept. 30, 2020. Neuberger Berman's contract for managing $145 million in active emerging markets equities now expires on April 30, 2020.
As of March 31, the actual allocations for domestic and international equities were 30.5% and 20.7%, respectively. The targets are 30% and 20%. Emerging markets equities portfolios are within the international equity allocation.
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