Investment pools
New Hampshire Retirement System
Total Fund · historical snapshot
Allocation as of · Allocation report ↗
Net market value$12.64B
Where the fund is invested
Select a band to explore its allocation.
Total fund$12.64B
Allocation by sleeve
This historical snapshot uses the manager allocation table for actuals and the committee’s long-term targets for comparison. Interim policy bands are unavailable in this view.
Allocation targets ↗| Sleeve | Market value | Actual | Target | Vs target | Policy range | Above min. | Below max. |
|---|---|---|---|---|---|---|---|
| Global Equity | $6.03B | 47.72% | 40% | +7.72 pp | — | — | — |
| Fixed Income | $3.03B | 23.96% | 25% | −1.04 pp | — | — | — |
| Private Equity | $1.67B | 13.18% | 10% | +3.18 pp | — | — | — |
| Private Credit | $641.5M | 5.08% | 10% | −4.92 pp | — | — | — |
| Private Infrastructure | $0B | 0% | 5% | −5 pp | — | — | — |
| Real Estate | $1.1B | 8.7% | 10% | −1.3 pp | — | — | — |
| Cash | $172.6M | 1.37% | 0% | +1.37 pp | — | — | — |
Rebalancing policy and actions
- The Board adopted new long-term targets in December 2023, with a multiyear phase-in beginning July 2024.
- Reported net investment movements
The April table shows $250M in net withdrawals from the BlackRock S&P 500 mandate and $250M in net investment in the Mellon U.S. Aggregate Bond Index mandate.
Source ↗
The monthly table reports net investment movements by mandate.
Managers by sleeve
Reported roster as of · Manager roster ↗. The April 2025 report identifies public-market mandates by name. Private-market values in the allocation report may lag.
Global Equity14 roster entries
Sub-sleeves and exposures
- Large Cap Domestic Equity Source ↗Market value · $2.04B · 16.12% of fund ·
- SMid Cap Domestic Equity Source ↗Market value · $703.4M · 5.57% of fund ·
- Small Cap Domestic Equity Source ↗Market value · $765.3M · 6.06% of fund ·
- Core Non US Equity Source ↗Market value · $1.58B · 12.54% of fund ·
- Emerging Markets Source ↗Market value · $191.8M · 1.52% of fund ·
- Non US Small Cap Source ↗Market value · $151.1M · 1.2% of fund ·
- World Equity Source ↗Market value · $596.4M · 4.72% of fund ·
Reported roster
- Blackrock S&P 500 Large Cap Domestic Equity · Reported mandate · $2,037.5M · 16.12% of fund · Source ↗
- AllianceBernstein SMid Cap Domestic Equity · Reported mandate · $432.5M · 3.42% of fund · Source ↗
- TSW SMid Cap Domestic Equity · Reported mandate · $270.9M · 2.14% of fund · Source ↗
- Boston Trust Small Cap Domestic Equity · Reported mandate · $245.1M · 1.94% of fund · Source ↗
- Segall Bryant & Hamill Small Cap Domestic Equity · Reported mandate · $248.4M · 1.97% of fund · Source ↗
- Wellington Small Cap Domestic Equity · Reported mandate · $271.9M · 2.15% of fund · Source ↗
- Aristotle Core Non US Equity · Reported mandate · $197.5M · 1.56% of fund · Source ↗
- Artisan Partners Core Non US Equity · Reported mandate · $482.3M · 3.82% of fund · Source ↗
- BlackRock Superfund Core Non US Equity · Reported mandate · $217.5M · 1.72% of fund · Source ↗
- Causeway Capital Core Non US Equity · Reported mandate · $508.6M · 4.02% of fund · Source ↗
- Lazard Core Non US Equity · Reported mandate · $178.6M · 1.41% of fund · Source ↗
- Wellington Emerging Markets Emerging Markets · Reported mandate · $191.8M · 1.52% of fund · Source ↗
- Wellington Int’l Small Cap Research Non US Small Cap · Reported mandate · $151.1M · 1.20% of fund · Source ↗
- Walter Scott Global Equity World Equity · Reported mandate · $596.4M · 4.72% of fund · Source ↗
Fixed Income7 roster entries
Reported roster
- BlackRock SIO Bond Fund Reported mandate · $287.7M · 2.28% of fund · Source ↗
- Brandywine Asset Mgmt Reported mandate · $239.6M · 1.90% of fund · Source ↗
- FIAM (Fidelity) Tactical Bond Reported mandate · $396.7M · 3.14% of fund · Source ↗
- Income Research & Management Reported mandate · $825.0M · 6.53% of fund · Source ↗
- Loomis Sayles Reported mandate · $311.2M · 2.46% of fund · Source ↗
- Manulife Strategic Fixed Income Reported mandate · $226.8M · 1.79% of fund · Source ↗
- Mellon US Agg Bond Index Reported mandate · $741.0M · 5.86% of fund · Source ↗