News & Analysis

Top Tier Capital Partners receives commitment from NHRS

The US public pension has extended its relationship with the fund manager.

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Institution: New Hampshire Retirement System
Headquarters: Concord, US
AUM: $10.98 billion
Allocation to alternatives: 26.45%

New Hampshire Retirement System approved a $25 million commitment to Top Tier Venture Velocity Fund IV at its September 2021 investment committee meeting, a contact at the pension confirmed to Secondaries Investor.

The pension previously made a commitment to the fund’s predecessor, Top Tier Venture Velocity Fund III, which held a final close on $300 million in October 2020, achieving its target.

As illustrated below, the pension’s recent commitments have been to funds that focus primarily on investments in North America. Alternative investments constitute 26.45 percent of its entire portfolio.

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