MassPRIM sets $450 million for 3 alts funds

MassPRIM sets $450 million for 3 alts funds
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Massachusetts Pension Reserves Investment Management Board, Boston, agreed to commit a total of $450 million to three alternatives funds, confirmed Elizabeth Herlihy, spokeswoman for the $86.9 billion pension fund.
At its meeting Wednesday, the board agreed to commit up to $200 million to Thomas H. Lee Equity Fund IX, a private equity and credit fund managed by
Thomas H. Lee Partners that focuses on business and finance, health care, and media and information services. MassPRIM has invested in seven previous Thomas H. Lee funds.
The board also agreed to commit up to $150 million to Berkshire Multifamily Debt Fund III, a real estate debt fund managed by

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