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MassPRIM sets $450 million for 3 alts funds Print 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 ....
MassPRIM selects new private equity director Michael McGirr Michael McGirr was named director of private equity at the Boston-based Massachusetts Pension Reserves Investment Management Board, confirmed Elizabeth Herlihy, spokeswoman for the $86.9 billion pension plan. He replaced Michael Bailey, who joined Fidelity Investments as a portfolio manager in its alternatives product development group. Mr. McGirr will oversee the plan s $10.9 billion private equity portfolio. He will report to MassPRIM Executive Director and Chief Investment Officer Michael Trotsky. Mr. McGirr was a senior investment officer at MassPRIM. The board plans to add to the private equity team, Ms. Herlihy said. Related Articles ....
Times Past: Jan. 13, 2021 “Smoky joins parade” is the title of this old parade photo of an Athol Fire Department truck. File photo Published: 1/13/2021 3:58:07 PM Modified: 1/13/2021 3:58:01 PM 1996 The “Blizzard of ’96” rolled into the North Quabbin region with snow, sub-freezing temperatures and high winds. Schools are closed throughout the nine town region and across the state, with many businesses announcing shift closings or delayed openings. Town roads are passable in Athol and Orange, but highway superintendents said roadways are getting narrower with each storm. The major problem now is finding a place to put it all. Depths of up to 18 inches were reported in area towns. ....