MassPRIM allocates $915 million to 7 managers

Massachusetts Pension Reserves Investment Management Board, Boston, invested or committed a total of $915 million to two hedge funds, one separate account and four private equity funds, said documents from the $59.6 billion pension fund.

At its Tuesday meeting, the MassPRIM board approved investing $150 million in the SECOR Alpha Fund, a hedge fund managed by SECOR Asset Management. The board also approved investing $150 million in the East Lodge Capital Credit Opportunities Fund.

Additionally, MassPRIM’s board committed $200 million to AgIS Capital Farmland-Plus, a separate account.

Also, MassPRIM committed $175 million to Berkshire Fund IX, a buyout fund managed by Berkshire Partners; $125 million to Anchorage Illiquid Opportunities V, a distressed debt fund managed by Anchorage Capital Group; and $100 million to private equity fund Thoma Bravo Fund XII.

Finally, MassPRIM’s board committed $15 million to USV 2016, a venture capital fund managed by Union Square Ventures.