Mass Water Targeting $34M to Private Equity, Real Estate in 2025

At its October 31 board meeting, The Massachusetts Water Resources Authority Retirement System approved the pacing plans for private equity and real estate for the 2025 fiscal year, calling for $34M in commitments to the two asset classes. 

The board approved pacing recommendations by consultant NEPC which called for an allocation of $24M to private equity for the 2025 fiscal year in order to maintain the policy target at 15%. NEPC also recommended that $10M be allocated for the real estate portfolio in order to maintain its policy target of 10%.

According to Dakota data, Mass Water has approximately $730M in managed assets. 

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Written By: Dakota