Massachusetts Pension Reserves Investment Management Board, Boston, approved its first emerging markets-focused private equity commitments.
The $44.2 billion system committed up to $40 million to Ethos Fund IV, a $750 million buyout fund focused on South Africa; and up to $25 million to SAIF Partners IV, a $1.2 billion late-stage/expansion capital fund focused on China, India, Hong Kong and Taiwan.
The board also committed €30 million ($37 million) to Gilde Buy-Out Partners IV, a midmarket buyout fund focused on Germany, France and the Benelux countries.
