Boston Retirement Aiming $165M to Private Markets; Planning International Small Cap Search
Written by: Jane Bailey, Marketing Associate
The Boston Retirement System has approved the 2024 private markets pacing plan, as disclosed in meeting minutes from the January 17th board meeting.
Investment Consultant, NEPC, recommended committing $30 million to private equity. $60 million is recommended for private debt. An additional $75 million was approved for real estate.
NEPC has increased the recommended commitment amounts for future years due to the increase in the Retirement System’s total assets.
Also disclosed in a 2024 Work Plan for the $6 billion Retirement System, an International Small Cap Search is scheduled to be issued in March of 2024.
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