Boston Retirement System committed a total of $80 million to a private markets mandate and $50 million to three open-end value-added real estate funds.
At its Dec. 18 board meeting, the board committed $80 million to Hamilton Lane for the pension fund's private markets portfolio, according to recently released meeting minutes. The minutes did not provide details or parameters of the mandate.
The $5.1 billion pension fund also committed $20 million each to Berkshire Value Fund V, managed by Berkshire Residential Investments; and TA Realty Associates Fund XII, confirmed John Kelly, investment analyst, in an email. The pension fund also committed $10 million to Davis Investment Ventures Fund IV.
The RFP for this real estate search was issued in the fall, Mr. Kelly said.
Investment consultant NEPC assisted with all of the hires.