New Hampshire Uni to triple PE exposure

The $543m investor would need to make new commitments of $18m per year, in a bid to match its new target allocation.

USNH will reduce its targets for both global public equity and flexible capital by 5% each, in order to increase its exposure to private equity.

The US LP has invested 4.9% of its portfolio to private equity as of June 2018.

University System of New Hampshire has approved commitments of $5m to Greenspring Global Partners IX and $5m to Sun Capital Partners VII in 2018, which were recommended by its investment consultant Prime Buchholz.

Sun Capital Partners VII held a first close on $1.8bn in January 2019. The firm had registered its seventh flagship fund in July 2018 with an initial target of $2.2bn.

The LP also committed to Greenspring Global Partners IX's predecessor, Greenspring Global Partners VIII. The eighth fund of Greenspring Global Partners targets early-stage technology-focused funds globally, as well as invests alongside those fund managers in expansion-stage portfolio companies.

Other recent commitments include to Battery Ventures XII Side Fund and Battery Ventures XII.

USNH includes the University of New Hampshire, with campuses in Durham, Manchester and Concord, Plymouth State University, Keene State College and Granite State College.

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• LPs
• United States
• Sun Capital
• Battery Ventures