MassPRIM bets on Providence Equity’s lower-mid-market fund

Sail boats sit on a dock at the MIT Sailing Pavilion on the Charles River in front of the Boston skyline on cold winter day in Cambridge, Massachusetts January 8, 2015. REUTERS/Brian Snyder
Massachusetts Pension Reserves Investment Management Board committed $75 million to Providence Strategic Growth’s third fund, which is targeting $1.25 billion for investments in lower-middle-market tech businesses. This is the pension fund’s first investment in Providence Strategic, an affiliate of the ...

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