Massachusetts Pension Reserves Investment Management Board, Boston...

Massachusetts Pension Reserves Investment Management Board, Boston, invested $75 million in First Reserve Fund IX and $25 million in Highland Capital Partners VI. First Reserve is a special equity fund that invests in the energy industry. Highland Capital is a venture capital fund that invests in early-stage companies in technology-oriented industries. The allocations were added as a result of a recent asset allocation study by the $30 billion system.