FUNDRAISING NEWS | January 03, 2025
The New Hampshire Retirement System approved a commitment of $100M split between two funds and the extension of its contract with investment manager Causeway Capital Management, per recently released minutes of the pension’s December 10, 2024, meeting.
In a unanimous vote by the board, New Hampshire allocated $25M to Top Tier Venture Velocity Fund 5 and $75M to Blackstone Multi-Asset Credit. Per Dakota data, the pension’s allocation to the Top Tier fund is a follow-on to its predecessor Fund 4 in 2021, to which New Hampshire committed the same amount.
Additionally, the state pension’s board approved the renewal of its investment management agreement with Causeway for another five years ending on December 31, 2029, following presentations by the investment manager and review of long-term performance attribution.
New Hampshire also discussed a similar five-year contract renewal for Artisan Partners, but the decision has been deferred until the next meeting due to lack of quorum.
