Mass PRIM allocates $1.6bn last month to alts, plots further growth

The Massachusetts Pension Reserves Investment Management Board (Mass PRIM) in Boston made large inroads into alternative investment strategies with up to $1.6 billion being committed across private equity, credit, real asset and hedge fund mandates.

The most sizable slice of the alternative investment field was private equity, which saw more than $700 million in new investments approved in February.

Thoma Bravo funds, an existing manager in Mass PRIM’s $8.7 billion private equity portfolio, gathered most of the fresh capital. With offices in San Francisco and Chicago, the firm focuses on software and . . .

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