Massachusetts Pension Reserves Investment Management Board, Boston, committed €200 million ($216 million) to Nordic Capital XI.
The $101.5 billion pension fund disclosed the commitment to the European buyout fund in materials for its Tuesday investment committee meeting.
The pension fund has made multiple commitments to previous Nordic Capital funds, including up to €175 million to Nordic Capital Fund X in 2020 and up to €100 million to Nordic Capital Fund IX.
As of Dec. 31, PRIM's actual allocation to private equity was 16.6%.
