Manchester (N.H.) Employees' Contributory Retirement System committed $6 million to Searchight Capital IV.
The $240 million pension fund's board approved the commitment to the buyout fund managed by Searchlight Capital Partners at its Oct. 10 meeting, recently released meeting minutes show.
The pension fund previously committed $5 million to Searchlight Capital III in 2019.
The pension fund's target allocation to private equity is 12%.
Investment consultant NEPC assisted.
