Massachusetts PRIM Commits $70M to PE, VC funds

Massachusetts PRIM has made $70M in combined commitments to three private equity funds and a venture capital vehicle.

Per materials from its November 12 investment committee meeting, PRIM approved an investment of $25M to early stage venture capital fund Forerunner Partners VII on October 25. The pension additionally committed $45M to three middle-market buyout strategies: $20M each to Cohere Capital Fund II and Alphi Capital I, and a $5M add-on to KLC Fund II.

As of September 30, PRIM said its private equity portfolio’s total value based on performance is at $52.6B on a net IRR of 13.85%, excluding private debt and natural resources partnerships. The pension oversees plan assets of approximately $102B, according to Dakota data.

Written By: Dakota

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Massachusetts PRIM Commits $70M to PE, VC funds

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