New Hampshire Retirement System Independent Investment Committee, Concord, approved a $25 million venture capital commitment, as well as a pair of two-year renewals in its fixed-income portfolio.
The committee's action took place June 18 at a regularly scheduled meeting, said Marty Karlon, director of communications and legislative affairs, in an email. The investment committee has control over these investments, so approval by the board of trustees for the $10.6 billion pension fund isn't necessary, Mr. Karlon wrote.
The committee approved a $25 million commitment to Industry Ventures Partnership Holdings VI, a venture capital secondary fund. The committee has made three other commitments to Industry Ventures funds since 2013, Mr. Karlon wrote.
The committee also approved a two-year renewal with Loomis Sayles & Co. to manage $288 million in a global multisector fixed-income portfolio and approved a two-year renewal with Brandywine Global Investment Management to manage $265 million, also in a global multisector fixed-income portfolio.
