New Hampshire Retirement System, Concord, committed $50 million to Comvest Capital V.
The $9.6 billion pension fund's independent investment committee approved the commitment to the direct lending fund managed by Comvest Partners at its meeting April 24, spokesman Marty Karlon said in an email.
NHRS previously committed $50 million to Comvest Capital IV in 2016 and $40 million to Comvest Capital III in 2014.
As of March 31, the actual allocation to alternative assets was 20.5%.
Separately, the committee also approved the renewal of active emerging markets equity manager Neuberger Berman's contract through April 2022, Mr. Karlon said. The pension fund originally hired the manager in April 2014 for the portfolio, which had $147 million as of March 31. No RFP was issued.
As of March 31, the actual allocation to international equities was 16.5%.