Mass Housing Finance Agency Retirement System

About Mass Housing Finance Agency Retirement System

Mass Housing Finance Agency Retirement System is a public pension fund whose portfolio was valued at $249.49 million as of June 30, 2024. It holds private equity, real estate, hedge funds, infrastructure, real assets, natural resources, publicly traded equities, fixed-income securities, cash, and other alternative asset classes. Returns over the quarter, 1 year, 3 years, 5 years, and 10 years were 1.0%, 10.0%, 4.1%, 8.5%, and 6.8%, against benchmark returns of 1.3 %, 11.7%, 1.1%, 5.7%, and 5.0%, respectively. The private equity portfolio stood at $32.41 million on June 30, 2024, which is 13% of the total portfolio. That is down from $37.22 million on March 31, 2023. Against a target allocation of 12% and an acceptable range of 12% -22%, the private equity portfolio is overweight. Its private equity returns over the quarter, 1 year, 3 years, 5 years, and 10 years were -2.4%, 1.0%, 10.1%, 18.1%, and 13.1%, versus benchmark returns of 1.2%, 6.7%, 10.2 %, 15.7%, and 14.1 %, respectively. Private equity holdings cover buyouts, co-investment, diversified private equity, private equity growth expansion, and venture capital strategies. The infrastructure portfolio was valued at $18.59 million as of June 30, 2024. The board of directors governs the plan's investments, with Mr. Michael Fitzmaurice as Chairman of the Board of Directors. Meketa Investment Group is the LP Consultant.

Real estate mandate

Contacts at Mass Housing Finance Agency Retirement System