Massachusetts Pension Reserves Investment Management Board related stories
All articles and analysis
MassPRIM strengthens VC connectionsThe pension fund made $111m of commitments across three private equity funds.
Side Letter: Continuation fund performanceContinuation funds can deliver a higher MOIC and stronger risk-adjusted returns than buyout funds, according to research by Morgan Stanley. Plus: UK mid-market firm Epiris has held the final close on its third flagship; and wealth management fundraising remains an area of focus for Ares. Here's today's brief, for our valued subscribers only.
MassPRIM promotes within to build GP-led secondaries programThe system recently changed its policy to allow for quick commitments to continuation funds.
Side Letter: Secondaries' buyout bonanzaBuyout firms want a slice of the secondaries pie. Plus: Korea's sovereign wealth fund has jumped on the Indian private markets hype; and HKMA's gargantuan private equity portfolio just got a little larger. Here's today's brief, for our valued subscribers only.
LP power on display as they push back on areas where they see misalignmentLPs see openings in today’s market around things they may have not loved in the past, but had to tolerate in order to maintain relationships with desired GPs.
Longtime Flagship GP David Berry seeks $300m for new firmDavid Berry has launched Bedford Bridge with his brother, entrepreneur Eric Berry, to invest in healthcare technology start-ups, including those focused on artificial intelligence, longevity, deep technology and data-driven care.
Side Letter: Co-investment convictionAn LP statement on the appeal of co-investments highlights the increasing importance of no-fee no-carry direct deals. Plus: Financial advisers want more private equity, but there's a catch. Here's today's brief, for our valued subscribers only.
MassPRIM adds new co-investment managerThe pension fund has approved a new co-investment manager and made commitments to two private equity funds.
American Securities seeks $7bn for latest flagshipThe firm had closed its predecessor Fund VIII in 2018, exceeding its $6bn target.
Side Letter: UK's Aussie inflowsTwo Aussie heavyweights are planning to deploy billions into UK private markets. Plus: PEI Group's Women in Private Markets Summit starts tomorrow; and LACERS has shelved its secondaries sale. Here's today's brief, for our valued subscribers only.