MassPRIM Loses Second PE Manager
The exodus continues on MassPRIM’s private equity team. Less than two months after the departure of Wayne Smith, Massachusetts Pension Reserves Investment Management’s private equity chief, the pension’s second-most-senior private equity manager, Senior Investment Officer Michael Langdon, also said that he was planning to leave. Langdon’s last day at MassPRIM is set for be Oct. 14, when he will join London-based Hermes Global Private Equity and help establish the firm’s Boston office. Hermes manages $7 billion in private assets, including $1 billion in the U.S. A spokeswoman for the $41 billion pension, Alethea Harney, said the timing of the two departures was an “unfortunate coincidence” and that the two departures “were not related in any way.”
