Massachusetts Pension Reserves Investment Management Board, Boston, approved a total of up to $360 million in commitments to two private equity funds, said documents from the $61 billion pension fund.
At its Dec. 1 meeting, PRIM staff and the investment committee recommended the board approve a commitment of up to $300 million to Advent Global Private Equity VIII, a private equity buyout fund managed by Advent International.
Also at the meeting, the staff and investment committee recommended that the board commit $60 million to Thoma Bravo Discover Fund, a private equity fund targeting software and technology companies in the U.S.
