Massachusetts Pension Reserves Investment Management Board, Boston, committed a total of $650 million to four private equity funds, said Nicole Giambusso, spokeswoman for the $62 billion pension fund.
At its Tuesday meeting, the MassPRIM board approved a commitment of $250 million to Blackstone Capital Partners VII, a private equity fund managed by Blackstone Group.
The board also approved a $150 million commitment to CVI Credit Value Fund III, a distressed credit fund managed by CarVal Investors; and a $200 million commitment to TA XII, a buyout and growth equity fund managed by TA Associates.
Additionally, MassPRIM’s board committed $50 million to Thoma Bravo Special Opportunities Fund II, a buyout fund.
The board also rehired Callan Associates as MassPRIM’s public markets consultant and NEPC as its strategic asset allocation consultant.
