The Massachusetts Pension Reserves Investment Management Board (Mass PRIM) has committed $75 million to DivCore Fund VII, a program of DivcoWest.
DivCore Fund VII is a closed-end, value-added fund with a focus on real estate in the United States. The fund has a fundraising goal of $1.5 billion.
Mass PRIM is a public pension fund with $110.5 billion in total assets under management, as of Sept. 30, 2024. As of then, it had $11.7 billion in total real estate assets, with a 13 percent real estate allocation target.
