Massachusetts Bay Transportation Authority Retirement Fund, Boston, approved two new commitments totaling $10 million.
The $1.7 billion pension fund's board approved commitments of $5 million each to Ironsides Opportunities Fund II, a private credit fund managed by Constitution Capital Partners, and WTI Fund XI, a direct lending fund managed by Western Technology Investment, at its June 16 meeting, said John P. Barry, interim executive director.
Constitutional Capital is a new manager for the pension fund, Mr. Barry said. The pension fund previously committed $10 million to WTI's Venture Lending & Leasing Fund X in 2021.
As of June 30, the pension fund's actual allocation to private credit was 1.5%; the target is 2%.
