Massachusetts Pension Reserves Investment Management, Boston, agreed to commit $400 million to two alternatives funds, documents from the $75 billion pension board showed.
At its Sept. 9 meeting, the MassPRIM board approved the investment staff's recommendation to commit $200 million to Technology Crossover Ventures XI, a late-stage growth equity fund that targets minority positions in high growth private and public technology companies in the U.S. and Western Europe. MassPRIM has invested in five prior Technology Crossover Ventures funds.
The board also approved allocating up to $200 million in Blackstone Property Partners, a real estate co-investment fund managed by Blackstone Group.
The board also rehired Hamilton Lane as its private equity investment consultant.