MassPRIM approves over $480m fund commitment

The US pension fund is happy with PE performance and continues to raise the exposure.

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Massachusetts Pension Reserves Investment Management Board (MassPRIM) saw PE outperformed other asset classes over the last 12 months and approved a number of fund commitments as follows:

  • $200 million to GTCR Fund XII.
  • $150 million to Charlesbank Equity Fund IX.
  • $80 million to Insight Venture Partners X
  • €50 million to Waterland Private Equity Fund VII

It allocates approximately 11 percent of AUM to private equity investments.

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