At its meeting last week, the board of $101.5 billion Massachusetts Pension Reserves Investment Management Board (MassPRIM) approved new and follow-on commitments to a raft of alternative and other investment strategies to the tune of $838 billion, a MassPRIM spokesman confirmed.
For the system’s credit opportunities investment class, the board approved an initial $200 commitment to ArrowMark Partners for its ArrowMarkPRIM Fund. According to MassPRIM documents provided by the spokesman, the fund is a custom evergreen strategy that will invest in bank regulatory capital relief securities. The securities it holds contain underlying . . .
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.