Mass PRIM Commits $575M; Planning Multi-Asset Credit RFP
Written by: Koncheng Moua, Director of Data Management and Strategy
Massachusetts PRIM has approved four alternative investments totaling up to $575 million.
$200 million was committed to the Blue Owl Technology Finance II Fund, a private credit separately managed account.
$175 million was approved for the Oaktree Value Opportunity Fund SMA, a multi-asset strategy that will use an opportunistic long/short approach in stressed, distressed, and value-oriented investments.
In private equity, $150 million was committed to Insight Partners XIII, and $50 million to the Insight Partners XIII Growth Buyout Fund.
Also disclosed in meeting materials from the August 15 meeting, Mass PRIM is preparing to issue a RFP for multi-asset credit investment strategies within the value-added fixed income portfolio of the PRIT Fund.
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