Massachusetts Pension Reserves Investment Management Board related stories
All articles and analysis
Denham beats target with $3bn final closeDenham Capital has surpassed its $2.5bn target for its latest fund, raising $3bn in just eight months for its sixth energy-focused vehicle.
- Advent sets post-Lehman fundraising record
Advent International has wrapped up fundraising for its latest global buyout vehicle, which came in at €8.5bn.
- After More Than A Year, MassPRIM Names New PE Chief
Filling a key position that had been vacant for a year and a half, the Massachusetts Pension Reserves Asset Management Board, the state’s main pension body, named Michael Bailey as its new head of private equity, according to Buyouts...
- After More Than A Year, MassPRIM Names New PE Chief
Filling a key position that had been vacant for a year and a half, the Massachusetts Pension Reserves Asset Management Board, the state’s main pension body, named Michael Bailey as its new head of private equity. He will start on Feb. 26. The post was previously held for several years by Wayne Smith, who left in July 2011.
- Massachusetts re-ups with Centerbridge
Massachusetts’ $44bn pension has committed $150m to Centerbridge Partners II. The pension has another $346m in possible commitments to make before the end of the year.
- Hewitt deal creates $3tr firm hungry for alternatives
Hewitt Associates’ plan to acquire EnnisKnupp will build out the firm’s investment consulting business, advising LPs on private equity, real estate and infrastructure investments.
- Travaglini to leave Mass PRIM
Michael Travaglini, who helped grow the $44bn state pension's private equity programme, is leaving to join a hedge fund of funds in Chicago.
- Mass PRIM to spend $1bn on private equity
The $40bn pension, which has not yet committed to private equity in 2010, is happy to come in below target this year depending on opportunities.
- Mass PRIM commits $100m to Gores Group
The US public pension, not having seen enough ‘sufficient quality opportunities’, has committed only one-third of its budgeted $1.5bn for private equity investments this year.
- Pension boss: ‘Placement agents serve a purpose’
As some US public pensions move to ban the use of placement agents, Mike Travaglini, the executive director of the $38bn Massachusetts PRIM, told PEO that these agents play a vital role in helping his small staff identify private equity opportunities.