Massachusetts Pension Reserves Investment Management board, Boston, invested $150 million in Denham Commodity Partners Fund V LP, a $2 billion private equity fund focused on the energy and commodities sectors.
The $37.8 billion plan purchased that interest in Denham Capital Management’s fund, which closed to new investments in May 2008, from Harvard Management Co., said Michael Travaglini, MassPRIM executive director.
HMC manages the $29 billion endowment of Harvard University, Cambridge, Mass.
Mr. Travaglini declined to provide further details on the original value of the stake MassPRIM purchased in the private equity fund. Denham spokesman Tim Smith declined to comment, and Harvard spokesman John Longbrake wasn’t immediately available to comment.
