LP profile · Corporate
PRIM
PRIM is a corporate headquartered in United States (North America). Ranked #35 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The Pension Reserves Investment Management (PRIM) Board was established in 1983 by Massachusetts legislation to oversee the Pension Reserves Investment Trust (PRIT) Fund.
- The primary goal of its establishment was to accumulate assets through investments and other revenues to help reduce the state's unfunded pension liabilities.
Source of Capital
- PRIM manages the pension funds for public employees in Massachusetts.
- Its capital is sourced from the retirement funds of Massachusetts state employees, teachers, and Boston teachers, along with other local retirement systems that choose to invest with PRIM.
Major Events
- No information available.
Allocation Strategy
- The firm invests across a diversified range of asset classes, including public markets, private equity, and credit.
- PRIM's investment approach capitalizes on economies of scale to manage costs and diversify its portfolio broadly.
- As of early 2024, the fund's assets reached $104.2 billion, and it has recently made significant allocations of over $2 billion to credit managers.
Sources
- https://www.mapension.com/
- https://www.mass.gov/orgs/massachusetts-pension-reserves-investment-management-board
- https://www.mass.gov/info-details/overview-of-the-pension-reserves-investment-management-board
- https://www.ai-cio.com/news/mass-prim-allocates-more-than-2b-to-credit-managers-in-new-commitments/
- https://www.thepartnershipinc.org/company/pension-reserves-investment-management-board/