MassHousing Selects Three PE Managers, Allocates $24M

The Massachusetts Housing Finance Agency Retirement System (MassHousing) has wrapped up its private equity manager search with three finalists which will receive a total of $24M to manage.

According to recently released board meeting minutes dated October 8, the state pension committed $8M each to Mesirow Financial, HarbourVest, and Constitution Capital Partners, following presentations by the managers to conclude the search process. The recent investment marks MassHousing’s re-engagement with both HarbourVest and Constitution: Dakota data shows the pension has made previous commitments in three funds managed by HarbourVest and five funds under Constitution. Mesirow represents a new relationship for MassHousing.

Per Dakota data, MassHousing’s current private equity allocation stands at 13% as of June 30, against a target weight of 17% out of its $250M total plan assets.

Written By: Dakota

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MassHousing Selects Three PE Managers, Allocates $24M

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