Mass Housing Finance Agency Retirement System

About Mass Housing Finance Agency Retirement System

Mass Housing Finance Agency Retirement System's investment portfolio is valued at $249.49 million as of June 30, 2024, with investments in private equity, real estate, hedge funds, infrastructure, real assets, natural resources, publicly traded equities, fixed-income securities, cash, and other alternative asset classes. Its returns for the quarter, 1 year, 3 years, 5 years, and 10 years were 1.0%, 10.0%, 4.1%, 8.5%, and 6.8%, compared to the benchmark return of 1.3 %, 11.7%, 1.1%, 5.7%, and 5.0%, respectively. As of June 30, 2024, the private equity portfolio was valued at $32.41 million, representing 13% of the total portfolio. This is a decrease compared to March 31, 2023, when the private equity portfolio was valued at $37.22 million. The private equity portfolio is currently overweight compared to the target allocation of 12%, with an acceptable investment range of 12% -22%. As of June 30, 2024, the fund's private equity returns for the quarter, 1 year, 3 years, 5 years, and 10 years were -2.4%, 1.0%, 10.1%, 18.1%, and 13.1%, compared to the benchmark return of 1.2%, 6.7%, 10.2 %, 15.7%, and 14.1 %, respectively. Investments in private equity include buyouts, co-investment, diversified private equity, private equity growth expansion, and venture capital strategies. As of June 30, 2024, the infrastructure portfolio was valued at $18.59 million. The plan's investments are governed by the board of directors with Mr. Michael Fitzmaurice serving as Chairman of the Board of Directors. Meketa Investment Group serves as LP Consultant.