Mass PRIM confirms $25m commitment

The US public pension has backed Flagship Pioneering's seventh series venture fund.

Institution: Massachusetts Pension Reserves Investment Management Board
Headquarters: Boston, United States
AUM: $70.69bn
Allocation to alternatives: 26.70%
Bitesize: $50-100m

Massachusetts Pension Reserves Investment Management Board has approved a $25 million commitment to Flagship Pioneering Fund VII, according to materials from the pension’s April 2020 investment committee meeting.

The $70.69 billion US public pension has a 12.50 percent target allocation to private equity that currently stands at 13.0 percent.

As illustrated below, Mass PRIM’s six private equity commitments in 2020 have comprised of three buyouts funds, two venture funds and a growth fund.

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