The $80 billion Massachusetts Pension Reserves Investment Management (PRIM) Board in Boston approved five new fund allocations as officials reported sizable private equity gains.
For the year-over-year in the third quarter, the PRIM private equity portfolio rebounded sharply with a gain of 17%, officials reported. Equities too were strong, while bonds and real assets were weaker for the quarter, but all were positive.
The five new funds approved for more than $600 million in new investments were: Charlesbank Equity Fund X; Charlesbank Equity Overage Fund X; Waterland Private Equity Fund VIII; Blackstone BioMed . . .
Unlock this article instantly, along with the rest of our premium content and daily, weekly and monthly newsletters. We offer pay-as-you-go monthly subscriptions and discounted annual subscriptions with additional benefits: access to Alternatives Watch Research articles and our Annual Investor Compendium.