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FUNDRAISING NEWS | May 13, 2024

Mass PRIM Commits $111M to Private Equity

Tags: Pension Funds, Alternative Insights, Private Equity

The Massachusetts Pension Reserves Investment Management Board approved three commitments to private equity totaling $111 million. 

$60 million was allocated to Flagship Pioneering Fund VIII, $17 million to Spark Capital VIII, and $34 million to Spark Capital Growth Fund V.

As of December 31, 2023 the $101 billion pension fund allocated 17.4% to private equity with a policy target range of 13%-19%.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!   New call-to-action

Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.

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