LP Tearsheet

Dover Street X and Top Tier Venture Velocity Fund III receive commitments from NHRS

The US public pension fund has backed two PE and VC-focused secondaries funds.

By
Muhammad Humzah Obaid
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Institution: New Hampshire Retirement System
Headquarters: Concord, United States
AUM: $8.34bn
Allocation to alternatives: 28.0%
Bitesize: $10-50m

New Hampshire Retirement System (NHRS) has approved commitments of up to $25 million to Dover Street X managed by HarbourVest and up to $50 million to Top Tier Venture Velocity Fund III managed by Top Tier Capital Partners, a contact at the pension informed Secondaries Investor.

As illustrated in the charts below, NHRS has previously committed to four other secondaries funds managed by HarbourVest and Top Tier Capital Partners: HarbourVest’s Dover Street IX and Top Tier Venture Velocity Funds I and II, with commitments totalling $170 million.

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