MassPRIM partners with AIP

Institution: Massachusetts Pension Reserves Investment Management Board
Headquarters: Boston, US
AUM: $91.9 billion
Allocation to alternatives: 31.7%

Massachusetts Pension Reserves Investment Management Board (MassPRIM) recently approved a commitment of up to $150 million to American Industrial Partners Capital Fund VIII, according to the public pension’s board materials.

Managed by American Industrial Partners (AIP), fund VIII was launched in April 2023 with a target size of $5 billion. The fund targets investments in mid-market industrial businesses headquartered in North America. The pension fund previously committed $75 million to American Industrial Partners Fund VII in 2019. Fund VII closed on its target size of $3 billion on March 2019.

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