MassPRIM names Michael Bailey as head of private equity investments


The Massachusetts Pension Reserves Investment Board (MassPRIM) has named Michael Bailey as its new senior investment officer and director in charge of the $51bn pension schemes’ private equity investments.

While the position is still listed as vacant on MassPRIM’s website, a number of news reports have said that Bailey has been named as the successor to Wayne Smith, who left the role back in July 2011.

The fund has some $5.9bn allocated to the space, with over 100 manager relationships across private equity, venture capital and distressed debt strategies.

Bailey joins from Boston-based endowment manager HighVista Strategies and is set to begin in the new role in February.

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