Institution: Massachusetts Pension Reserves Investment Management Board
Headquarters: Boston, US
AUM: $78.72 billion
Allocation to alternatives: 24.8%
Massachusetts Pension Reserves Investment Management Board approved $323 million-worth of commitments to three private equity funds at its December 2020 board meeting, a contact at the pension informed Private Equity International.
The commitments comprise $245 million to two vehicles managed by Charlesbank Capital Partners: $220 million to Charlesbank Equity Fund X and $25 million to a sidecar vehicle Charlesbank Overage Fund X.
The remaining $78 million was allocated to Waterland Private Equity Fund VIII.
MassPRIM has a 12.5 percent target allocation to private equity as of 31 October 2020.
As illustrated below, MassPRIM’s recent private equity fund commitments have predominantly targeted buyout funds focused on investments in North America and Europe.
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