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

MassPRIM, Providence Equity, private equity
Sailboats 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. Schools in Chicago, Boston and other large cities closed on Thursday as sub-zero temperatures and bitter winds gripped central and eastern United States for a third day and meteorologists warned there was little relief in sight. REUTERS/Brian Snyder (UNITED STATES - Tags: ENVIRONMENT CITYSCAPE MARITIME) - RTR4KLI2
  • Commits to Providence Strategic’s third fund
  • Pension fund focus on lower-mid-market investments
  • Providence Strategic invests in tech companies
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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