# New Hampshire Retirement System

New Hampshire Retirement System is a Pension Fund based in Concord, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Concord, United States
- **Region:** North America
- **Address:** 54 Regional Drive, Concord, NH 03301, United States
- **Founded:** 1967
- **Assets under management:** 12600 (Altss estimate)
- **Website:** nhrs.org
- **LinkedIn:** https://www.linkedin.com/company/new-hampshire-retirement-system

## Regulatory record

- **Reports private funds:** No

## About

The New Hampshire Retirement System was established in 1967 as a contributory public employee defined benefit pension plan. It serves state, county, and municipal employees along with teachers, police, and firefighters. Funding comes from member contributions, employer contributions, and investment returns. The portfolio includes commitments to real estate vehicles such as Almanac Realty Securities VII LP, Ares Industrial Real Estate Fund LP, and Bridge Logistics US Venture I LP. Additional holdings cover private credit through Ares Pathfinder Fund II and Blackstone Private Multi-Asset Credit Fund, plus infrastructure exposure via J.P. Morgan Infrastructure Investments Fund. Geographic reach centers on the United States with select global mandates. Assets stood at $12.6 billion as of the most recent reported period, with 2025 seeing the appointment of Danita Johnson as Head of Private Markets. The system maintains relationships with Callan Associates as investment advisor and The Townsend Group as real estate consultant. It participates in professional networks including the Council of Institutional Investors and National Association of State Retirement Administrators. Governance separates the Board of Trustees, chaired by Maureen Kelliher, from the Independent Investment Committee led by Christine Clinton. This structure routes private market decisions through the committee while the full board handles legislative and administrative oversight.

## Sectors

- Real Estate
- Private Credit
- Infrastructure
- Venture Capital

## People

- Jan Goodwin — Executive Director
- Raynald Leveque — Chief Investment Officer
- Maureen Kelliher — Chair of the Board of Trustees
- Danita Johnson — Head of Private Markets
- Christine Clinton — Chair of the Independent Investment Committee

## Questions

### Who runs investment decisions at New Hampshire Retirement System?

Raynald Leveque serves as Chief Investment Officer. Danita Johnson leads private markets. The Independent Investment Committee, chaired by Christine Clinton, reviews managers and commitments.

### Does New Hampshire Retirement System participate in fund commitments or only direct deals?

The system invests primarily through fund commitments. Holdings include Almanac Realty Securities VII LP, Ares Industrial Real Estate Fund LP, and Ares Pathfinder Fund II.

### What asset classes does New Hampshire Retirement System allocate to?

Allocations include public equities, fixed income, real estate, private credit, infrastructure, and venture capital. Confirmed positions span multiple real estate and credit funds.

### How is New Hampshire Retirement System related to the State of New Hampshire?

The system operates as a component unit of the State of New Hampshire with the State Treasurer serving as an ex officio trustee.

## Related profiles

- [Guiyang Investment Holding Group](https://altss.com/profile/guiyang-investment-holding-group)
- [Basellandschaftliche Pensionskasse](https://altss.com/profile/basellandschaftliche-pensionskasse)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/new-hampshire-retirement-system

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