Massachusetts Pension Reserves Investment Management Board, Boston...

Massachusetts Pension Reserves Investment Management Board, Boston, established six new private equity relationships totaling $325 million. The $30 billion system formed partnerships with venture capital firms APAX Europe V and Austin Ventures VIII, for $50 million each; and Charles River Partnership XI, $25 million. The system also committed $75 million each to buyout funds CVC European Equity Partners III and Madison Dearborn Capital Partners IV; and $50 million to Whitney V.