Massachusetts Pension Reserves Investment Management Board related stories
All articles and analysis
MassPRIM ups private equity target, reduces 2023 commitments'We have observed...that some of our highest performing private equity vintage years originate during volatile times like this,' CIO Michael Trotsky said.
Side Letter: Ares' mega-inflows; AlpInvest's above-$10bn target; Bluestone's sporting chanceAres doesn't seem fazed by a challenging private equity fundraising environment. Plus: AlpInvest has set a healthy target for its next secondaries programme; and yet another sports firm has thrown its hat in the ring. Here’s today's brief, for our valued subscribers only.
Side Letter: Introducing PEI's performance data; Warburg's $15bn; Africa's Adenia exclusiveWondering how a fund has performed? PEI has you covered. Plus: Warburg Pincus is nearing the final close on its latest flagship; and Africa's Adenia Partners smashes prior raise. Here’s today's brief, for our valued subscribers only.
Here are the 9 VCs in MassPRIM's diverse-manager portfolioOf the $424m MassPRIM committed to diverse managers last year, $158m went to four managers of venture capital and/or growth funds.
MassPRIM dedicated over $400m to diverse-owned PE managers in 2022Many LPs are focusing on re-ups with existing relationships due to the current economic landscape. LPs with dedicated programs may serve as a valuable lifeline for emerging and diverse-owned managers.
Side Letter: CD&R's $23bn; Waterland's deluge; Pantheon promotionsClayton, Dubilier & Rice's latest flagship has a $23 billion hard-cap, pension documents show. Plus: Waterland proves it's still one of the most in-demand GPs; and Pantheon welcomes four partners. Here’s today's brief, for our valued subscribers only.
Denominator fears dominate 2022 fundraising: Story of the YearWhile LP behaviour was heavily influenced by allocation limits this year, there are reasons for GPs to remain optimistic heading into 2023.
Side Letter: Thoma Bravo's mega-fundraise; Paul Weiss on fund terms trends; BlackRock's retail ambitionsThoma Bravo hauls in more than $32 billion across three tech funds. Plus: how the SEC's proposed rules are "influencing" LP-GP negotiations; and why PE execs are moving away from New York. Here’s today's brief, for our valued subscribers only.
Side Letter: Podcast series launch; SERS's PE pacing; MassPRIM's ESG committeeWe're excited to bring you today the first episode from our fresh podcast series, Private Markets and the End of Cheap Money. Plus: A US pension meeting encapsulates the conundrum facing LPs in 2023; and MassPRIM has formed a committee to take a closer look at ESG. Here’s today's brief, for our valued subscribers only.
MassPRIM commits $538m to PEThe US Pension fund will invest capital across five funds.