University System of New Hampshire, Durham, disclosed a manager hire and commitment totaling $14 million for its $630 million combined endowment pool.
Prime Buchholz, the system's outsourced chief investment officer, disclosed the hiring of Generation Investment Management to run $10 million in active global equities and a $4 million commitment to Battery Select Fund I, a venture capital fund managed by Battery Ventures, at the system's finance committee on investments meeting Thursday.
Recently released meeting minutes show the endowment's target to private equity is 15%. Further information on the global equity asset class was not provided.
Karen Benincasa, the system's assistant vice chancellor financial affairs, could not be reached immediately for further information.