MassPRIM sets out 2020 PE plans

The US public pension will commit up to $2.3 billion to the asset class in the coming year.

Institution: Massachusetts Pension Reserves Investment Management Board
Headquarters: Boston, United States
AUM: $79.08bn
Allocation to alternatives: 24.0%
Bitesize: $50-100m

Massachusetts Pension Reserves Investment Management Board set out its 2020 private equity portfolio pacing plans at its February 2020 investment committee meeting, according to documents seen by Private Equity International.

MassPRIM is intending to commit between $1.7 billion and $2.3 billion to private equity funds in the 2020 calendar year. The range for 2019 was between $1.4 billion to $2 billion. Of the 2020 PE commitments, up to $400 million is permitted to be invested into co-investment vehicles.

The $79.08 billion US public pension has a 12.50 percent target allocation to private equity that currently stands at 11.0 percent.

Elsewhere, MassPRIM is believed to be preparing an RFP for potential private equity consultants. Its current consultant Hamilton Lane’s contract expires in September 2020.

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