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MassPRIM adds Zatoonian to private equity team

Massachusetts Pension Reserves Investment Management Board added Sarah Zatoonian to its private equity team in June as an investment analyst, according to the notes for its Aug. 13 meeting.

Zatoonian is a graduate of the College of the Holy Cross, from which she has dual bachelor’s degrees in economics and classics. She also worked in the school’s investment office as part of a four-person team that managed the College’s long-term investment portfolios for its endowment and pension.

At MassPRIM, Zatoonian will focus on “investment due diligence and investment analysis,” the pension told Buyouts. MassPRIM has a four-person private equity team run by Michael Bailey and “comprised of generalists in PE.”

MassPRIM runs the Massachusetts Public Retirement Investment Trust, which had $75.3 billion in assets as of July 31, 2019, with a 5.1 percent one-year return gross of fees, slightly below its 5.5 percent benchmark.

Private equity represents about 11.1 percent of total assets. This year, MassPRIM has committed more than $1 billion and could go as high as $2 billion. It has invested in funds with Advent International, Stone Point Capital, American Industrial Partners, Blackstone Group, Providence Equity and Spark Capital.

Action item: read MassPRIM’s most recent performance report here.