Officials at the $7 billion Massachusetts Pension Reserves Investment Management Board, Boston, are seeking to commit $300 million to private equity deals this year, said Steven Costable, senior investment officer-private equity. He said the board will be looking at partnerships and funds with stable management and strong track records, although it will consider smaller funds also.
One deal under consideration is Kohlberg Kravis Roberts' 1996 fund. If Mass PRIM decides to invest with KKR's latest fund, it would not be as a major participant. Mass PRIM committed a total of $95 million to KKR's 1986, 1987 and 1993 funds, of which about $65 million was with KKR's 1987 fund.
Pathway Capital Management is assisting PRIM, he said.