New Hampshire Retirement System, Concord, committed $50 million to Monroe Capital Private Credit Fund IV.
The $9.4 billion pension fund's independent investment committee approved the commitment to the middle-market private credit fund managed by Monroe Capital Management at its meeting Dec. 18, spokesman Marty Karlon said in an email.
The system has made commitments to several Monroe Capital funds, most recently committing $50 million to Monroe Capital Private Credit Fund III in 2018.
As of Sept. 30, the pension fund's actual allocation to alternative assets was 18.3%.
Separately, the pension fund hired executive search firm EFL Associates to assist in the search for a new executive director. It follows the September announcement that George P. Lagos, who has led the pension fund since February 2012, plans to retire March 1.
The job listing is available on EFL Associates' website.