New Hampshire Retirement System's independent investment committee approved $175 million in commitments to private equity and private credit funds.
The committee also approved a $100 million commitment to Oak Hill Advisors Senior Private Lending Fund as part of the pension fund’s private credit portfolio, according to a livestream video of the Aug. 13 committee meeting of the Concord-based $12.2 billion pension fund.
Oak Hill is a new manager for the pension fund, a spokesperson confirmed.
The committee also approved a $75 million commitment to HarbourVest International Private Equity Partners X, a buyout fund managed by HarbourVest Partners, as part of the pension fund’s private equity portfolio. NHRS has had a relationship with HarbourVest over the past decade. In 2020, the pension fund committed $75 million to HIPEP IX.
As of June 30, the pension fund had a 13.8% weighting in private equity (10% target) and a 4.7% weighting in private credit (5% target).
