New Hampshire Retirement System, Concord, approved two new alternative fund commitments totaling up to $90 million.
The $11.1 billion pension fund's independent investment committee approved commitments of up to $50 million to middle-market buyout fund American Industrial Partners Capital Fund VIII and up to $40 million to Apollo Investment Fund X, a buyout fund managed by Apollo Global Management, at its May 9 meeting, recently released meeting minutes show.
NHRS previously committed $50 million to Apollo Investment Fund IX in 2017. There is no record of previous commitments to American Industrial Partners.
As of March 31, the actual allocation to alternative assets was 19.3%; the target is 15%.
Pension fund spokesman Marty Karlon could not be immediately reached to provide further information.