Massachusetts’ $250 million (€163 million) Holyoke Retirement Board may be adding an allocation to private equity, it has been reported.
Daniel Owens, executive director of the fund, said the board would be discussing whether to allocate to private equity at its board meeting in April.
Owens was speaking at the Information Management Network’s Public Funds Summit in Huntington Beach, California this week, according to a report in Pensions&Investments. No allocation amount was specified. Owens was not available for comment..
The pension currently has approximately 13 percent of its portfolio in real estate. Its other allocations include 35 percent in domestic large-cap equities, 23 percent in international and emerging market equities, 20 percent in fixed income and the rest in domestic small-cap and madcap equities.