New Hampshire Retirement System, Concord, made a second follow-on commitment of $150 million to a private equity co-investment strategy managed by BlackRock Private Equity Partners.
The $9.4 billion pension fund's independent investment committee approved the commitment at its meeting Nov. 20, said Marty Karlon, pension fund spokesman, in an email.
The pension fund in 2014 originally made a commitment of $150 million to the BlackRock co-investment vehicle, which invests alongside its separately managed accounts, and made its first follow-on commitment of $150 million in 2017.
As of Sept. 30, the pension fund's actual allocation to alternative assets was 18.3%.
Investment consultant NEPC assisted.
