US-based pension fund the Massachusetts Pension Reserves Investment Management Board has made new commitments totalling $66m to three private equity funds, according to a report by Private Equity International.
The report cites MassPRIM’s recent meeting materials as revealing that $56m was split between two Index venture funds – $18m to Index Ventures XII and $38m to Index Ventures Growth VII – marking the fund’s 12th and 11th commitments to Index Venture vehicles.
In addition, MassPRIM made its ninth commitment to a USV VC fund – $10m to USV 2024, a venture capital fund targeting a total $275m fundraise.
