MassPRIM approves over $480m fund commitment

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

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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