Institution: Massachusetts Pension Reserves Investment Management Board
Headquarters: Boston, US
AUM: $86.64 billion
Allocation to alternatives: 23.9 percent
Massachusetts Pension Reserves Investment Management Board approved $300 million-worth of private equity commitments at its February 2021 board meeting, a contact at the pension informed Private Equity International.
Mass PRIM has a 12.4 percent current allocation to private equity. The pension recently increased its target range to the asset class from 11-16 percent to 11-17 percent.
As illustrated below, Mass PRIM’s recent private equity commitments have tended to target North America-focused venture or buyout funds.
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