MassPRIM commits $538m to PE

The US Pension fund will invest capital across five funds.

Institution: Massachusetts Pension Reserves Investment Management Board
Headquarters: Boston, US
AUM: $92.4 billion

Massachusetts Pension Reserves Investment Management Board committed $538 million across five private equity funds, according to its December board meeting materials.

The biggest commitment was of $150 million to Lovell Minnick Equity Partners VI. Incorporated in 1999, Lovell Minnick Partners is a Pennsylvania-headquartered private equity firm with offices in Los Angeles and New York. The firm is targeting investments in business services, financial services and related technology companies in North America and Europe.

The US pension fund also continued its relationship with Waterland Private Equity by committing €130 million to Waterland Private Equity Fund IX and €20 million to Waterland Partnership Fund I. Other fund commitments included €100 million to Altor Fund VI and $125 million to WestView Capital Partners V.

As show below, MassPRIM’s recent PE fund commitments have predominantly focused on global buyout vehicles.

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