Massachusetts Pension Reserves Investment Management Board, Boston, invested or committed a total of $735 million to seven funds, documents from the $71.6 billion pension system show.
At its board meeting May 15, the MassPRIM board agreed to invest $200 million in the Complus Asia Macro Fund, managed by Complus Asset Management.
The board also approved a commitment of up to $150 million to Thoma Bravo Fund XIII, a buyout fund. MassPRIM has invested in 10 prior Thoma Bravo funds since 2001.
MassPRIM committed to two private equity funds managed by TowerBrook Capital Partners: $150 million to buyout fund TowerBrook Investors V, and $75 million to TowerBrook Structured Opportunities II. PRIM has invested in two prior TowerBrook private equity funds since 2008.
The PRIM board also approved a commitment of up to $75 million to Providence Strategic Growth III, a lower middle-market growth equity fund managed by Providence Equity Partners; $50 million to Thompson Street Capital Partners V, a middle-market buyout fund; and $35 million to Polaris Growth Fund I, a lower middle-market buyout fund managed by Polaris Partners. MassPRIM has invested in five previous Providence Equity Partners' funds since 2001 and four Polaris Partners' funds since 2000.