INVESTMENT VENDORS  The following is a listing of the investment managers, custodians, and consultants that serve the Massachusetts public pension systems. The listing is based on information supplied by the retirement boards.

RETIREMENT BOARD INVESTMENT VENDORS ADAMS • PRIT • RhumbLine Advisers Custodian: People’s United Bank Consultant: Fiduciary Investment Advisors, LLC AMESBURY • PRIT ANDOVER • PRIT • RhumbLine Advisers Consultant: Dahab Associates ARLINGTON • PRIT • Wilshire Associates Inc. Custodian: State Street Bank & Trust ATTLEBORO • Amalgated Bank • Hancock Timber Resource Group, Inc. • PRIT Custodian: People’s United Bank • BTG Pactual Timberland Investment Group • Intercontinental Real Estate Corp. • RhumbLine Advisers Consultant: Dahab Associates Inc. • Copeland Capital Management • Core Real Estate USA, LP • State Street Global Advisors • Fidelity Institutional Asset Management • Invesco National Trust Company • Van Eck • Frontier Capital Management Co., LLC • Peregrine Capital BARNSTABLE COUNTY • PRIT • UBS Realty Investors, LLC BELMONT • AEW Capital Management, LP • Harbourvest Partners, LLC • PRIT Custodian: People’s United Bank • Atlanta Capital • Loomis, Sayles & Company • RhumbLine Advisers Consultant: NEPC, LLC • Carillion Tower Advisors • Pacific Company, LLC • Rothschild Asset Management Inc. BERKSHIRE COUNTY • PRIT BEVERLY • PRIT BLUE HILLS REGIONAL • PRIT BOSTON (CITY) • 57 Stars, LLC • EnTrust Global Partners • Polunin Capital Partners Custodian: State Street Bank & Trust • AEW Capital Management, LP • Federal Street Partners, LLC • Prudential Capital Partners • Alcentra NY, LLC • GAM, US • Prudential Real Estate Investors Consultant: NEPC, LLC • Aberdeen Asset Management • Goldentree Asset Management, LP • RhumbLine Advisers • Angelo, Gordon & Co., LP • Grosvenor Capital Management, LP • Roark Capital Partners • Arclight Capital Partners, LLC • Hamilton Lane • Sanderling Ventures • Aristotle Capital Management, LLC • HarbourVest Partners, LLC • SCP Private Equity Partners • Arsenal Real Estate Funds, LLC • Hearthstone Inc. • Segall Bryant & Hamill • Ascent Venture Partners • H.I.G. Capital • Siguler Guff Advisers, LLC • Audax Group • Incline Elevate • SL Capital Partners • Aurora Management Partners • Income Research & Management • State Street Global Advisors • Bernzott Capital Advisors • Insight Venture Management • Sterling Fund Management • BlackRock Advisors, LLC • Intercontinental Real Estate Corp. • TA Realty • Blackstone Alternative Asset Management Assoc. • Invesco Core Real Estate USA, LP • TH Lee Putnam Ventures • Blue Point Capital Partners, LLC • J.F. Lehman & Company, Inc. • THL Credit Senior Loan Strategies, LLC • Boston Millennia Partners • J.P. Morgan Investment Management • Thomas H. Lee Partners, LP • Brookfield Asset Management • Kayne Anderson Capital Advisors, LP • Thoma Bravo, LLC • CCMP Capital Advisors, LLC • Lazard Asset Management, LLC • Todd Asset Management • Carlyle Realty Partners • , LP • Tristan Capital Partners • Columbia Management Investment Advisors, LLC • Lighthouse Investment Partners • Vontobel Asset Management, Inc. • Crescent Capital Group, LP • Loomis, Sayles & Company • W Capital Partners • CVC Capital Partners • Mesirow Advanced Strategies, Inc. • Wells Capital Management, Inc. • DDJ Capital Management • MPM Capital, LP • Western Technology • D.E. Shaw Investment Management, LLC • NGP Energy Capital Management, LLC • Westfield Capital Management Company, LP • DRC Capital, LLP • Oaktree Capital Management, LP • Westport Capital Partners, LLC • Dune Capital Management, LP • PanAgora Asset Management, Inc. • Z Capital Partners, LLC • Energy Spectrum Partners • Perella Weinberg Partners Capital Management, LP • Zevenbergen Capital Investments, LLC BOSTON TEACHERS • PRIT

PERAC ANNUAL REPORT 2019 | 125 RETIREMENT BOARD INVESTMENT VENDORS BRAINTREE • Lexington Partners, LP • PRIT • SEI Investments Management Corporation Custodian: SEI Private Trust Company BRISTOL COUNTY • Aberdeen Asset Management • Fiduciary Trust International • Mesirow Financial Private Equity Advisors, Inc. Custodian: People’s United Bank • Arrowstreet Capital, LP • Frontier Capital Management Co., LLC • Pacific Investment Management Company (PIMCO) Consultant: Segal Marco Advisors • Ashmore Investment Advisors, Ltd. • GCM Customized Fund Investment Group • Polaris Capital Management, LLC • BlackRock Investment Management, LLC • Goldentree Asset Management, LP • PRIT • Brookfield Timberlands Management, LP • IFM Investors (US) Advisor • RBC Global Asset Management (U.S.), Inc. • Clearbridge Investments • Income Research & Management • RREEF Management, LLC • Columbia Management Investment Advisers, LLC • Intercontinental Real Estate Corp. • Stone Harbor Investment Partners • DN Partners • Lazard Asset Management, LLC • TerraCap Management, LLC • Dupont Capital Management • LSV Asset Management • Timberland Investment Resources, LLC • Earnest Partners, LLC • Lyrical Asset Management, LP • WL Ross & Co., LLC • Fiera Capital Inc. BROCKTON • Aberdeen Asset Management • Invesco Private Capital • Oppenheimer Custodian: SEI Private Trust Company • Arsenal Real Estate Partners • Landmark Partners, LLC Management Consultant: Fiduciary Investment • Ascent Venture Partners • Mesirow Financial Investment Management , Inc. • SEI Investments Management Corp. Advisors, LLC • HealthPoint, LLC • Siguler Guff Advisers, LLC BROOKLINE • Hancock Timber Resource Group, Inc. • Invesco Private Capital, Inc. • PRIT • HarbourVest Partners, LLC • Lexington Partners, LP • Sustainable Woodlands Partners, LLC CAMBRIDGE • Aberdeen Asset Management • Income Research & Management • PineBridge Investments, LLC Custodian: People’s United Bank • AEW Capital Management, LP • Intercontinental Real Estate Corp. • Polaris Capital Management, LLC Consultant: Segal Marco Advisors • Ascent Venture Partners • J.P. Morgan Investment Management • PRIT • BlackRock Investment Management, LLC • Landmark Partners, LLC • RBC Global Asset Management (U.S.), Inc. • Brandywine Global Investment Management, LLC • Lazard Asset Management, LLC • RhumbLine Advisers • Campbell Global LLC • Lexington Partners, LP • Rockwood Capital, LLC • Fidelity Institutional Asset Management • Loomis, Sayles & Co. • State Street Global Advisors • Hamilton Lane • Mellon Investments Corporation • UBS Realty Advisors, LLC • Hancock Natural Resource Group, Inc. • Penn Square Global Real Estate Group, LLC • Wellington Management Company • IFM Investors (US) Advisor, LLC CHELSEA • PRIT CHICOPEE • PRIT • SEI Investments Management Corp. Custodian: SEI Private Trust Company CLINTON • PRIT Consultant: Trust Advisory Group, Ltd. CONCORD • Acadian Asset Management, LLC • Rhumbline Advisers • Wellington Management Custodian: Comerica Securities • PRIT • Russell Investment Group Consultant: Fiduciary Investment Advisors, LLC DANVERS • Barings, LLC • Gerber-Taylor Management Company • TA Realty Custodian: People’s United Bank • BMO Asset Management Corporation • PRIT • TWIN Capital Management Consultant: Graystone Consulting • Eagle Capital Management, LLC • RhumbLine Advisers • Western Asset Management Co.

DEDHAM • PRIT DUKES COUNTY • Atlanta Capital • Polen Capital Management, LLC • Rothschild Asset Management, Inc. Custodian: People’s United Bank • Garcia Hamilton & Associates LP • PRIT Consultant: Dahab Associates, Inc.

EASTHAMPTON • PRIT

126 | PERAC ANNUAL REPORT 2019 RETIREMENT BOARD INVESTMENT VENDORS ESSEX COUNTY • Ascent Venture Partners • Intercontinental Real Estate Corp. • PRIT • BlackRock Investment Management, LLC • Levine Leichtman Capital Partners, Inc.. • Principal Real Estate Investors, LLC • Boston Millennia Partners EVERETT • PRIT FAIRHAVEN • PRIT FALL RIVER • PRIT • SL Capital Partners, LLP FALMOUTH • Aristotle Capital Management, LLC • LMCG Investments, LLC • RhumbLine Advisers Custodian: People’s United Bank • Dimensional Fund Advisors, LP • Lord Abbett & Co., LLC • SEI Trust Company Consultant: Wainwright Investment • Hamilton Lane • Mesirow Financial Private Equity Advisors, Inc. • Siguler Guff Advisers, LLC Counsel, LLC • HGK Asset Management, Inc. • PRIT • State Street Global Advisors • Lexington Partners, LP • Principal Real Estate Investors, LLC • TerraCap Partners FITCHBURG • PRIT • TA Realty FRAMINGHAM • PRIT FRANKLIN COUNTY • Aberdeen Asset Management • Loomis, Sayles & Company • Polen Capital Management, LLC Custodian: Comerica Bank • Chartwell Investment Partners • O’Shaughnessy Asset Management, LLC • PRIT Consultant: Dahab Associates, Inc. • Fiera Capital Inc. GARDNER • PRIT GLOUCESTER • PRIT GREATER LAWRENCE • Seaward Management Custodian: BNY Mellon Asset Servicing GREENFIELD • PRIT HAMPDEN COUNTY • GCM Customized Fund Investment Group • Invesco Private Capital, Inc. • PRIT Consultant: Segal Marco Advisors

HAMPSHIRE COUNTY • Ascent Venture Partners • Massachusetts Financial Services Company • PRIT Consultant: NEPC, LLC • Barings LLC • Perella Weinberg Partners Capital Management, LP • RBC Global Asset Management (U.S.) Inc. • Colchester Global Investors • Polaris Capital Management, LLC • RhumbLine Advisers • Glouston Capital Partners, LLC • Portfolio Advisors, LLC • Shenkman Capital Management, Inc. • Lexington Partners, LP HAVERHILL • Fisher Investments • Income Research & Management • Putnam Advisory Company, LLC Custodian: People’s United Bank • Global Forest Partners, LP • Mesirow Financial Institutional Real Estate • Stafford Private Equity, Inc. Consultant: Wainwright Investment • Globespan Capital Management, Inc. • Molpus Woodlands Group, LLC • TerraCap Management Counsel, LLC • GrandBanks Capital • PRIT • The DSF Group HINGHAM • PRIT Consultant: Meketa Investment Group HOLYOKE • Aberdeen Asset Management • Loomis, Sayles & Company • RBC Global Asset Management (U.S.) Inc. Consultant: Segal Marco Advisors • Acadian Asset Management, LLC • Mellon Investments • Seizert Capital Partners, LLC • Aristotle Capital Management • Mesirow Financial Private Equity Advisors, Inc. • State Street Global Advisors • Constitution Capital Partners, LLC • Monroe Capital • TerraCap Management, LLC • Fidelity Institutional Asset Management • Oberweis Asset Management, Inc. • Wasatch Advisors, Inc. • Industry Capital Advisors—Berkley Partners • Polaris Capital Management, LLC • Wells Capital Management, Inc. • LMCG Investments • PRIT • Western Asset • Long Wharf Real Estate Partners, LLC • Putnam Investment Management, LLC

HULL • PRIT LAWRENCE • PRIT LEOMINSTER • PRIT Custodian: State Street Bank & Trust

PERAC ANNUAL REPORT 2019 | 127 RETIREMENT BOARD INVESTMENT VENDORS LEXINGTON • Acadian Asset Management, LLC • Golub Capital Partners • PRIT Custodian: People’s United Bank • Angelo, Gordan & Co., LP • Kayne Anderson Rudnick Investment Management • RhumbLine Advisers Consultant: Meketa Investment • Driehaus Capital Management, LLC • Matthews International Capital Management, LLC • Wellington Management Company, LLP Group, Inc. • • Monroe Capital • White Oak Global Advisors, LLC • Fiduciary Management, Inc. LOWELL • Ascent Venture Partners • Boston Millennia Partners • PRIT Custodian: People’s United Bank LYNN • Ascent Venture Partners • BlackRock Realty Advisors, Inc. • PRIT • BlackRock Investment Management, LLC MALDEN • De Burlo Group, Inc. Custodian: State Street Bank & Trust

MARBLEHEAD • PRIT MARLBOROUGH • Clarion Partners • Fiduciary Management, Inc. • Rockwood Capital Custodian: Comerica Bank • Colony Realty Partners • Frontier Capital Management Co., LLC • Shenkman Capital Management, Inc. Consultant: Meketa Investment • Constitution Capital Partners, LLC • HarbourVest Partners, LLC • SL Capital Partners, LLP Group, Inc. • Dimensional Fund Advisors LP • Payden & Rygel • State Street Global Advisors • Driehaus Capital Management, LLC • RhumbLine Advisers MHFA • Aberdeen Asset Management • GQC Partners, LLC • Longfellow Investment Management Custodian: People’s United Bank • AEW Capital Management, LP • Asset Management, LP • Lord Abbett & Co., LLC Consultant: Meketa Investment • Ascent Venture Partners • HarbourVest Partners, LLC • MetLife Investment Management Group, Inc. • Columbia Management Investment Advisers, LLC • IFM Investors Advisor • State Street Global Advisors • Constitution Capital Partners, LLC • Intercontinental Real Estate Corporation • TA Realty • Dimensional Fund Advisors, LP • LMCG Investments, LLC MASSPORT • Baillie Gifford Overseas Limited • Pzena Investment Management, LLC • Wellington Management Company, LLP Custodian: People’s United Bank • PRIT • State Street Global Advisors Consultant: Wilshire Associates MTRS (Mass Teachers’ • PRIT Retirement System) MWRA • Alcentra NY, LLC • Garcia Hamilton & Associates LP • Polen Capital Management, LLC Custodian: People’s United Bank • Ascent Venture Partners • Invesco Private Capital, Inc. • PRIT Consultant: NEPC, LLC • Boston Company Asset Management, LLC • J.F. Lehman & Company • Private Advisors, LLC • Boston Partners • Kayne Anderson Capital Advisors, LP • RhumbLine Advisers • CarVal Investors • Landmark Partners, LLC • Investment Management North • Castile Ventures • Lee Munder Capital Group, LLC America, Inc. • Cerberus Capital Management, LP • Loomis, Sayles & Company • SEI Trust Corporation • Coho Partners, Ltd. • Lord, Abbett & Co. LLC • Select Equity Group, LP • Constitution Capital Partners LLC • Morgan Stanley • TA Realty • Corbin Capital Partners LP • Octagon Credit Investors, LLC • TerraCap Management, LLC • Courtland Partners • Pacific Investment Management Company, LLC • UBS Fund Solutions, LLC • EnTrust Global Partners • Park Square Capital • WL Ross & Co., LLC • Foundry Group, LLP • Pinebridge Investments, LLC MAYNARD • Boston Advisors, LLC • PRIT Custodian: People’s United Bank MEDFORD • Ashmore Investment Advisor Limited • Loomis, Sayles & Company • Standard Life Investment Custodian: People’s United Bank • City of Investment Management • PRIT • Western Asset Management Company Consultant: NEPC, LLC • Garcia Hamilton & Associates LP • RhumbLine Advisers • William Blair & Company, LLC • Lazard Asset Management, LLC MELROSE • Ascent Venture Partners • Invesco Private Capital, Inc. • PRIT

128 | PERAC ANNUAL REPORT 2019 RETIREMENT BOARD INVESTMENT VENDORS METHUEN • BlackRock Investment Management, LLC • PRIT

MIDDLESEX COUNTY • Ares Management, LLC • Boston Millennia Partners • Globespan Capital Management, Inc. Custodian: State Street Bank & Trust • Ascent Venture Partners • Global Forest Partners, LP • PRIT • Auda Private Equity, LLC MILFORD • PRIT

MILTON • PRIT

MINUTEMAN REGIONAL • PRIT

MONTAGUE • PRIT

NATICK • PRIT • SEI Investments Management Corp. • SL Capital Partners, LLP Custodian: People’s United Bank Consultant: Fiduciary Investment Advisors, LLC NEEDHAM • PRIT NEW BEDFORD • Aberdeen Asset Management, Inc. • Loomis, Sayles & Company • State Street Global Advisors Limited Consultant: Segal Marco Advisors • Acadian Asset Management, LLC • Mellon Investments • TA Realty • Hamilton Lane • Mesirow Private Equity Advisors, Inc. • UBS Realty Investors, LLC • Hancock Natural Resource Group, Inc. • Neuberger Berman Management • Wellington Management Company, LLP • Intercontinental Real Estate Corp. • Pacific Investment Management Company (PIMCO) • Westfield Capital Management Company, LP • Invesco Private Capital, Inc. • SEI Trust Company • Wilton Asset Management, LLC • Lexington Advisors, Inc. NEWBURYPORT • PRIT NEWTON • PRIT NORFOLK COUNTY • Pioneer Institutional Asset Mgmt., Inc. • EnTrust Partners, LLC • LMCG Investments Custodian: People’s United Bank • ArcLight Capital Partners, LLC • Gamco Asset Management, Inc. • Loomis, Sayles & Company Consultant: Wainwright Investment • Aristotle Capital Management, LLC • Gerding Edlen Investment Management, LLC • Mesirow Capital Partners IX, LP Counsel, LLP • Ascend Ventures Group, LLC • Globespan Capital Management, Inc. • Mesirow Financial Institutional Real Estate • BNY Mellon Asset Management N.A. • Goldentree Asset Management, LP • MFS International Advisors, Inc. • Boston Millennia Partners • Hamilton Lane • PRIT • Cadence Capital Management, Inc. • HarbourVest Partners, LLC • RhumbLine Advisers • Constitution Capital Partners, LLC • Income Research & Management • Seizert Capital Partners, LLC • Corsair Capital LLC • Intercontinental Real Estate Corporation • Siguler Guff Advisors, LLC • Dalton Greniere Asset Management, Inc. • Invesco Private Capital, Inc. • TerraCap Management • D.E. Shaw Investment Management, LLC • Lazard Asset Management, LLC • Wellington Management Company, LLP • DSF Group • LLM Capital Partners

NORTH ADAMS • De Burlo Group, Inc. • PRIT Custodian: People’s United Bank NORTH ATTLEBORO • AmSouth Bank • Brandes Investment Partners, LP • Lazard Asset Management, LLC Custodian: People’s United Bank • Aristotle Capital Management, LLC • Chicago Equity Partners, LLC • Loomis, Sayles & Company Consultant: Dahab Associates, Inc. • Atlanta Capital • Davenport & Company, LLC • RhumbLine Advisers • Axiom International Investors, LLC • Intercontinental Real Estate Corporation • Vontobel Asset Management, Inc. • Blackrock Realty Advisors, Inc. NORTHAMPTON • De Burlo Group, Inc. • PRIT Custodian: People’s United Bank

PERAC ANNUAL REPORT 2019 | 129 RETIREMENT BOARD INVESTMENT VENDORS NORTHBRIDGE • PRIT NORWOOD • Aberdeen Asset Management, Inc. • Columbia Management Investment Advisors, LLC • Landmark Partners, LLC Custodian: People’s United Bank • American Funds • Constitution Capital Partners • PRIT Consultant: Meketa Investment • Aristotle Capital Management, LLC • Dimensional Fund Advisors, LP • RhumbLine Advisers Group, Inc. • Atlanta Capital • HabourVest Partners, LLC • State Street Global Advisors • Boston Company Asset Management, LLC • IFM Investors Advisor PEABODY • PRIT PITTSFIELD • PRIT • SL Capital Partners, LLP PLYMOUTH • Acadian Asset Management • Boston Trust Investment Management, Inc. • Robeco Institutional Asset Management Inc. Custodian: People’s United Bank • Aristotle Capital Management, LLC • Columbia Management Investment Advisers • Templeton Investment Counsel Consultant: Fiduciary Investment • Barings LLC • Invesco Trust Company • Wellington Management Company, LLP Advisors, LLC • BlackRock Advisors, LLC • PRIT • Westfield Capital Management Company, LP • Boston Advisors, LLC • Rhumbline Advisers

PLYMOUTH COUNTY • ABS Investment Management, LLC • First Eagle Investment Management • LLR Management Custodian: State Street Bank & Trust • AEW Capital Management, LP • Franklin Templeton Investment Management • LMCG Investments Consultant: Meketa Investment Group • Akina Limited • Freeman Spogoli Management • Lord, Abbett & Company • Ascent Venture Partners • Global Infrastructure Management, LLC • Mesirow Financial Capital Partners X, LP • Audax Management Company (NY), LLC • Globespan Capital Management, Inc. • Mesirow Financial Institutional Real Estate • Basalt Infrastructure Partners • HarborVest Partner • Prudential Real Estate Investors • Boston Company Asset Management, LLC • HGK Asset Management, Inc. • RhumbLine Advisers • BTG Pactual Timberland Investment Group • IFM Investors Advisor • Ridgemont Equity Partners • Carlyle Investment Management • Income Research & Management • SEI Trust Company • Charlesbank Capital Partners, LLC • Invesco Trust Company • Siguler Guff Advisers, LLC • Constitution Capital Partners, LLC • John Hancock Trust Company • Summit Partners, LP • Copper Rock Capital Partners • J.P. Morgan Investment Management, Inc. • TA Realty • DN Partners • KBI Global Investors (North America Ltd.) • THL Credit Advisors, LLC • Driehaus Capital Management, LLC • Kopernik Global Investors • TimberVest, LLC • DSF Group • Landmark Partners, LLC • Trilantic Capital Management L.P. • Eaton Vance Investment Counsel • Leeds Equity Partner • Wellington Management • Entrust Global Partners • Lexington Partners, LP • Wellspring Capital Management, LLC • Fisher Investments QUINCY • Acadian Asset Management, LLC • Goldman Sachs Asset Management, LP • Ridgemont Equity Partners Custodian: People’s United Bank • Adams Street Partners, LLC • Hancock Timber Resource Group, Inc. • Rockwood Capital Consultant: Meketa Investment • AEW Capital Management, LP • HarborVest Partners • SL Capital Partners, LLP Group, Inc. • Beach Point Capital Management, LP • IFM Investors Advisor • State Street Global Advisors • Brookfield Asset Management • J.P. Morgan Investment Management • Stone Harbor Investment Partners, LP • Brown Advisory, LLC • LLR Management • TA Realty • Colony Realty Partners • Loomis, Sayles & Company • TerraCap Management, LLC • Columbia Management Investment Advisors, LLC • Oppenheimer Alternative Investment • Torchlight Investors, LLC • Copper Rock Capital Partners, LLC Management • Trilantic Capital Management L.P. • Driehaus Capital Management, LLC • PRIT • UBS Realty Investors, LLC • Freeman Spogli Management • RhumbLine Advisers • Wellspring Capital Management • Global Infrastructure Management READING • PRIT Custodian: Fiduciary Investment Advisors, LLC REVERE • PRIT SALEM • Ascent Venture Partners • PRIT

130 | PERAC ANNUAL REPORT 2019 RETIREMENT BOARD INVESTMENT VENDORS SAUGUS • Aristotle Capital Management, LLC • Massachusetts Financial Services Co. • RhumbLine Advisers Custodian: People’s United Bank • Lord Abbett & Co., LLC • PRIT • SEI Trust Consultant: Wainwright Investment • LMCG Investment Counsel, LLP SHREWSBURY • Atlanta Capital • Fiera Capital Inc. • PRIT Custodian: People’s United Bank • Earnest Partners Consultant: Dahab Associates, Inc.

SOMERVILLE • Congress Asset Management Company, LLP • Loomis, Sayles & Company • RhumbLine Advisers Custodian: Comerica Securities • Lazard Asset Management, LLC • PRIT • UBS Realty Investors, LLC

SOUTHBRIDGE • PRIT SPRINGFIELD • Boston Millennia Partners • PRIT Custodian: People’s United Bank STATE • PRIT STONEHAM • PRIT • SEI Investments Management Corp. Custodian: SEI Private Trust Company Consultant: Fiduciary Investment Advisors, LLC SWAMPSCOTT • Aristotle Capital Management, LLC • LMCG Investments, LLC • PRIT Custodian: People’s United Bank • Intercontinental Real Estate Corporation • North Sky Capital, LLC • TA Realty Consultant: Dahab Associates TAUNTON • Aberdeen Asset Management • Glovista Investments, LLC • Quantitative Management Association Custodian: People’s United Bank • BlackRock Investment Management, LLC • Intercontinental Real Estate Corporation • Segall Bryant & Hamill Consultant: Dahab Associates, Inc. • Boston Millennia Partners • Invesco Core Real Estate USA, LP • State Street Global Advisors • Brandywine Global Investment Management, LLC • LMCG Investments, LLC • TimberVest, LLC • Ceres Partners, LLC • Asset Management, LLC • Vontobel Asset Management, Inc. • C.S. Mckee, LP • Molpus Woodlands Group, LLC • Weaver C. Barksdale & Associates • Frontier Capital Management Co., LLC • Polen Capital Management, LLC • Wells Capital Management, Inc. • GAM International Management Limited • PRIT WAKEFIELD • PRIT WALTHAM • Precision Capital Advisors, LLC • PRIT • RCP Advisors, LLC Custodian: SEI Private Trust Company • SEI Investments Management Corporation Consultant: Fiduciary Investment Advisors, LLC WATERTOWN • Acadian Asset Management, LLC • Earnest Partners, LLC • PRIT Custodian: People’s United Bank • American Realty Advisors • Eaton Vance Management • RCP Advisors, LLC Consultant: Fiduciary Investment • Arsenal Real Estate Funds, LLC • Income Research & Management • SEI Trust Company Advisors, LLC • Ascent Venture Partners • LMCG Investment • TA Realty • Auda Private Equity, LLC • Massachusetts Financial Services Company • TerraCap Management, LLC • Brandywine Global Investment Management, LLC • Pinebridge Investment, LLC • Wellington Management Company, LLP • Columbia Management Investment Advisors, LLC

WEBSTER • Aristotle Capital Management, LLC • Loomis, Sayles & Company • RhumbLine Advisers Custodian: People’s United Bank • HGK Asset Management Inc. • PRIT • SEI Trust Company Consultant: Wainwright Investment • LMCG Investments Counsel, LLC WELLESLEY • PRIT

PERAC ANNUAL REPORT 2019 | 131 RETIREMENT BOARD INVESTMENT VENDORS WEST SPRINGFIELD • De Burlo Group, Inc. Custodian: Comerica WESTFIELD • Boston Company Asset Management, LLC • Lazard Asset Management, LLC • RBC Global Asset Management (U.S.), Inc. Custodian: Fiduciary Investment • Columbia Management Investment Advisers, LLC • LMCG Investments • SEI Trust Company Advisors, LLC • Constitution Capital Partners, LLC • Long Wharf Real Estate Partners, LLC • State Street Global Advisors • Fisher Investments • Loomis, Sayles & Company • TerraCap Management • Hamilton Lane • Polaris Capital Management, LLC • Wasatch Advisors, Inc. • Income Research & Management • PRIT • Wells Capital Management, Inc. • Intercontinental Real Estate Corporation WEYMOUTH • Acadian Asset Management, LLC • Harbor Capital Advisors Inc. • PRIT Custodian: Comerica • Adams Street Partners • HarbourVest Partners, LLC • RhumbLine Advisers Consultant: Fiduciary Investment • Amundi Pioneer Institutional Asset Mgmt., Inc. • Invesco Private Capital, Inc. • Riverbridge Partners, LLC Advisors, LLC • Ashmore Investment Advisors • Landmark Partners, LLC • Sigular Guff Advisers, LLC • BlackRock Advisors, LLC • Loomis, Sayles & Company • Stockbridge Core and Value Advisors • Boston Company Asset Management, LLC • OFI Global Institutional, Inc. • TerraCap Management, LLC • Brandywine Global Investment Management, LLC • Principal Global Investors LLC • Wasatch Advisors • Constitution Capital Partners, LLC WINCHESTER • PRIT WINTHROP • PRIT WOBURN • Charlesbank Capital Partners, LLC • Stafford Private Equity Inc. • Wilshire Associates, Inc. Custodian: People’s United Bank • PRIT Consultant: Wainwright Investment Counsel, LLC WORCESTER • Acadian Asset Management, LLC • Hancock Natural Resource Group, Inc. • Northstar Company, LLC Custodian: People’s United Bank • AEW Capital Management, LP • Harvest Partners, LP • PRIT Consultant: Meketa Investment Group • American Securities, LLC • IFM Investors (US) Advisor, LLC • Ridgemont Equity Partners • Ascent Venture Partners • Income Research & Management • Riverside Company • Boston Millenia Partners • Invesco Private Capital, Inc. • SL Capital Partners, LLP • BTG Pactual Timberland Investment Group, LLC • Lazard Asset Management, LLC • State Street Global Advisors • Capital International, Inc. • Lee Munder Capital Group, LLC • TA Associates Management • Charlesbank Capital Partners, LLC • Loomis, Sayles & Company • Vitruvian Partners, LLP • Global Infrastructure Management, LLC • Newstone Capital Partners, LLC • White Deer Energy

WORCESTER REGIONAL • AEW Capital Management, LP • PRIT • SL Capital • Ascent Venture Partners

132 | PERAC ANNUAL REPORT 2019 PRIM INVESTMENT VENDORS (ORGANIZED BY SERVICE PROVIDER TYPE)  Custodian:  Consultants: • BNY Mellon • Aberdeen Asset Management - Portfolio Completion Strategies Advisory Services • NEPC, LLC - Asset Allocation Advisory Services • Callan Associates - Public Market Advisory Services • NewAlpha Asset Management - Portfolio Completion • Hamilton Lane - Private Equity Advisory Services Strategies Advisory Services • The Townsend Group - Real Estate Advisory Services DOMESTIC EQUITY MANAGERS • Acadian Asset Management, LLC • Frontier Capital Management • Riverbridge Partners • Brandywine Global Investment Management • Goldman Sachs Investment Management • Summit Creek Advisors • Driehaus Capital Management, LLC • Lord, Abbett & Co., LLC • State Street Global Advisors INTERNATIONAL EQUITY MANAGERS • Acadian Asset Management, LLC • LMCG Investment • State Street Global Advisors • AQR Capital • Marathon Asset Management • Strategic Global Advisors • Baillie Gifford • Mondrian Investment Partners Ltd. • TimesSquare • FIS Group, Inc. • Russell Implementation Services EMERGING MARKET MANAGERS • Acadian Asset Management, LLC • Driehaus Capital Management, LLC • State Street Global Advisors • AQR Capital • Harding Loevner • T. Rowe Price • Baillie Gifford • Pzena Investment Management • Wasatch Advisors Inc. • City of London Investment Management Co. CORE MANAGERS • Access Capital • Blackrock , Inc. • Loomis, Sayles & Company • AFL-CIO Housing • Community Capital Management • Pacific Investment Management Co. (PIMCO) VALUE-ADDED CORE FIXED INCOME MANAGERS • 400 Capital Management • Eaton Vance Institutional Funds • Mudrick Capital Management, LP • Anchorage Capital, LLC • Fidelity Management Trust Company • Pacific Investment Management Co. (PIMCO) • Ashmore Investment Management, Ltd. • LibreMax Capital • Shenkman Capital Management • Berkshire Partners • Loomis, Sayles & Company • Voya Financial ALTERNATIVE INVESTMENTS—REAL ESTATE MANAGERS • AEW Capital Management • CBRE Global Investors • Invesco Realty Advisors • Brookfield Investment Management • CenterSquare Investment Management • LaSalle Investment Management • Canyon Johnson II • DivcoWest • New Boston Urban Fund I • Carlyle Group • Intercontinental IV • Stockbridge ALTERNATIVE INVESTMENTS—TIMBERLAND • Campbell Group, LLC • Forest Investment Associates ALTERNATIVE INVESTMENTS—PORTFOLIO COMPLETION STRATEGY MANAGERS • 400 Capital Management • Complus Asset Management Limited • Mudrick Capital Management, LP • Advent Capital Management, LLC • Contrarian Capital Management • Mygale, LLP • AgIS Capital, LLC • Davidson Kempner Advisors, Inc. • Pacific Alternative Asset Management Co. • Anchorage Capital, LLC • East Lodge Capital (PAAMCO) • Arden Asset Management • Elliot Capital Advisors, LP • PGIM, Inc. • Basswood Capital Management, LLC • Fir Tree Capital Management • RV Capital Management Pvt., Ltd. • Blackrock Aviation • Global Sigma Group, LLC • Sightway Capital • Brigade Capital G.P., LLC • Goldman Sachs Asset Management • Silver Creek Advisory Partners, LLC • Cantab Capital Partners, LP • Informed Portfolio Management • Summit Partners Public Asset Management, LLC • Canvas Capital • Investcorp Investment Advisors, LLC • Summit Ventures • Capula Management Limited • JEN Partners, LLC • Tiber Capital, LLC • CKC Capital, LLC • Land and Buildings Investment Management • Winton Capital Management • CVC Capital

PERAC ANNUAL REPORT 2019 | 133 PRIM INVESTMENT VENDORS (Continued) ALTERNATIVE INVESTMENTS—PRIVATE EQUITY AND DISTRESSED DEBT MANAGERS • Acon Investments • Ethos Private Equity • PAI Europe • Advent Capital Mgmt • Exponent Private Equity Partners • Permira Ventures • Advent International • First Reserve Corporation • Polaris Venture Partners • Alchemy Partners • Flagship Ventures • Providence Equity Partners • Alta Communications • Freeman Spogli Equity Partners • Quad-C Management • American Securities Capital Partners • GENSTAR Capital • Quantum Energy Partners • Anchorage Capital, LLC • Gilde Buy Out Partner AG • Rembrandt Venture Partners • Angelo, Gordon & Co., LP • GSO Capital Partners • Rhone Group, LLC • & Co. • GTCR Golder Rauner • SAIF Partners • Apollo Management Co. • Hellman & Friedman Capital Partners • SCP Vitalife • Ascent Venture Partners • H.I.G. Capital Partners • Sherbrooke Capital • Austin Ventures • Highland Capital Partners • Sofinnova Ventures, Inc. • Avenue Capital Group • Hony Capital • Spark Capital • Bain Capital • Index Ventures • Spectrum Equity • Battery Ventures • Insight Venture Partners • Summit Partners Public Asset Management, LLC • Berkshire Partners • Institutional Venture Partners • SV Life Sciences Advisors • Blackstone Capital Partners • InterWest Partners • TA Associates • Boston Ventures • Kainos Capital, LLC • Technology Crossover Ventures • Bridgepoint Capital Limited • Kelso & Company • Texas Pacific Group • Candover • Kepha Partners • The Gores Group • Carlyle Partners • Keytone Ventures • Thoma Bravo • Castille Ventures • Kohlberg Kravis Roberts and Co. • Thoma Cressey Partners • Catalyst Investors • KPS Capital Partners • Thomas H. Lee Equity Partners, LP • Centerbridge Capital • Landmark Equity Partners • Torquest Partners • Centerbridge Special Credit Partners • Lovell Minnick Partners • Towerbrook Capital Partners • Charlesbank Capital Partners • Madison Dearborn Capital Partners • Trident Capital • Charles River Ventures • M/C Venture Partners • Union Square Ventures • Charterhouse Group • Medicxi Ventures • VantagePoint Partners • Chequers • Menlo Ventures • Vestar Capital Partners • Code, Hennessey & Simmons • Montagu • Vista Equity Partners • Commonwealth Capital Ventures • Montreux Equity Partners • Welsh, Carson, Anderson & Stowe • Crescent Capital Group • Nautic Partners • Weston Presidio Capital • Cypress Merchant Banking Partners • New Enterprise Associates • WestView Capital Partners • CVC Capital • Nordic Capital • Whitney & Company • Denham Capital Management • Oaktree Capital Management • Willis Stein • DLJ Merchant Banking Partners • Odyssey Investment Partners • Xenon Private Equity, LTD • El Dorado Ventures • Olympus Advisors • Trust Company of the West (TCW) • Equitable Capital Management Corporation • Onex Capital Partners • Wayzata Investment Partners • Essex Woodlands Health Ventures

OVERLAY MANAGERS (CASH)

• The Clifton Group

134 | PERAC ANNUAL REPORT 2019