Mass PRIM confirms $200m commitment

Institution: Massachusetts Pension Reserves Investment Management Board
Headquarters: Boston, United States
AUM: $77.3 billion
Allocation to alternatives: 23.7%

Massachusetts Pension Reserves Investment Management Board confirmed a $200 million commitment to TCV XI at its September 2020 board meeting, a contact at the pension informed Private Equity International.

TCV’s 11th fund from its flagship series is in market targeting $3.25 billion in equity capital. Fund X held a final close at $3 billion in January 2019.

The $77.3 billion US public pension has a 12.5 percent target allocation to private equity that currently stands at 11.1 percent.

As illustrated below, Mass PRIM’s private equity commitments tend to target global buyout or venture capital funds.

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