Massachusetts Bay Retirement Commits $10M to Private Credit

The Massachusetts Bay Transportation Authority Retirement Fund has approved two private credit investments totaling up to $10 million.

$5 million was committed to the Constitution Capital Ironsides Opportunities Fund II.

$5 million was also committed to the WTI Fund XI, managed by Western Technology Investment.

As of June 30, 2023, the $1.6 billion Retirement Fund allocates approximately 1.5% to private credit while they target 2% to the asset class.

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