Mass PRIM confirms $225m in commitments

The US public pension has backed two North American private equity funds.

Institution: Massachusetts Pension Reserves Investment Management Board
Headquarters: Boston, US
AUM: $95.7 billion
Allocation to alternatives: 25.8 percent

Massachusetts Pension Reserves Investment Management Board has committed $225 million across two private equity funds according to its Q2 2021 quarterly update.

The commitments comprised $150 million to Trident IX and $75 million to Tidemark Capital Fund I. Trident IX is managed by Stone Point Capital which has been a partner of Mass PRIM’s since 2017. Tidemark Capital Fund I is managed by Tidemark Capital, which was founded in January 2021 by ex-TCV partner David Yuan.

Mass PRIM has a 14.5 percent private equity allocation as of 30 June 2021.

Mass PRIM’s recent private equity commitments have targeted North American or global vehicles focused on TMT investments.

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