Westfield Retirement Board reduces private equity allocation

The Massachusetts-based public pension has slashed its allocation to the asset class.

Institution: Westfield Retirement Board
Headquarters: Westfield, United States
AUM: $234.0m
Allocation to alternatives: 18.37%

Westfield Retirement Board saw its private equity exposure decrease by nearly two percentage points during the first six months of 2019, a contact at the pension informed Private Equity International. The pension’s allocation to the asset class stood at 10.60 percent as of the end of December 2018, before dropping to 8.65 percent as of the end of June 2019.

The $234 million US public pension’s target allocation to private equity remains 10.0 percent despite the decline in actual allocation.

As illustrated below, Westfield Retirement Board is a repeat investor to Constitution Capital Partners’ Ironsides Partnership private equity co-investment fund series, having previously committed to funds I, II and III.

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