Institution: Massachusetts Pension Reserves Investment Management Board
Headquarters: Boston, United States
Allocation to alternatives: 24.50%
Massachusetts Pension Reserves Investment Management Board has agreed to $115 million worth of private equity commitments, a contact at the pension informed Private Equity International. The commitments comprise of $40 million to KPS Mid-Cap Fund and $75 million to KPS Special Situations Fund V.
The $76.0 billion US public pension has a 12.0 percent target allocation to private equity which currently stands at 11.10 percent.
As illustrated below, Mass PRIM is a repeat investor to private equity funds managed by KPS Capital Partners, having committed to four separate vehicles, including the last three in the Special Situations fund series.
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