MassPRIM targets smaller buyouts amid PE underperformance
The system’s limited exposure to AI-related sectors has weighed on its PE returns, according to PE director Michael McGirr.
The system’s limited exposure to AI-related sectors has weighed on its PE returns, according to PE director Michael McGirr.
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Why it matters
MassPRIM shifting focus to smaller buyouts amid PE underperformance is a notable market activity with some relevance to private equity investors and lenders, but it does not represent a structural change or broad market impact.
Sources
Private Equity International
MassPRIM targets smaller buyouts amid PE underperformance
The system’s limited exposure to AI-related sectors has weighed on its PE returns, according to PE director Michael McGirr.
Venture Capital Journal
MassPRIM says limited VC holdings partly to blame for PE underperformance
'While [VC] performance was strong this year, we’ve been underweight to venture and growth compared to our peers,' says Michael McGirr, the pension’s director of private equity