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 • Capital Research and Management • Granite Investment Advisors Custodian: State Street Bank & Trust • RhumbLine Advisers Consultant: Fiduciary Investment Advisors AMESBURY • PRIT ANDOVER • PRIT Consultant: Dahab Associates ARLINGTON • PRIT • Wilshire Associates Inc. Custodian: State Street Bank & Trust ATTLEBORO • Boston Advisors, LLC • Hancock Timber Resource Group, Inc. • Invesco National Trust Company Custodian: People’s United Bank • BTG Pactual Timberland Investment Group • Herndon Capital Management, LLC • PRIT Consultant: Dahab Associates Inc. • Copeland Capital Management • Intercontinental Real Estate Corp. • RhumbLine Advisers • Fidelity Institutional Asset Management • Invesco Core Real Estate USA, LP • State Street Global Advisors • Frontier Capital Management Co., LLC BARNSTABLE COUNTY • Intercontinental Capital Management, LLC • PRIT • UBS Realty Investors, LLC BELMONT • AEW Capital Management, LP • Loomis Sayles & Company • RhumbLine Advisers Custodian: People’s United Bank • Atlanta Capital • Pacifc Investment Management Company, LLC • Rothschild Asset Management Inc. Consultant: New England Pension • Harbourvest Partners, LLC • PRIT • Scout Capital Management, LLC Consultants BERKSHIRE COUNTY • PRIT BEVERLY • PRIT BLUE HILLS REGIONAL • PRIT BOSTON (CITY) • 57 Stars, LLC • Evercore Advisors, LLC • Permal Asset Management, Inc. Custodian: State Street Bank & Trust • AEW Capital Management, LP • Federal Street Partners, LLC • Polunin Capital Partners • Alcentra NY, LLC • Fisher Investments • Prudential Capital Partners Consultant: New England Pension • Angelo, Gordon & Co., LP • Goldentree Asset Management, LP • RhumbLine Advisers Consultants • Arclight Capital Partners, LLC • Grosvenor Capital Management, LP • Sanderling Ventures • Aristotle Capital Management, LLC • Hamilton Lane • SCP Private Equity Partners • Arsenal Real Estate Funds, LLC • Hearthstone Inc. • Segall Bryant & Hamill • Ascent Venture Partners • Income Research + Management • Siguler Guff Advisers, LLC • Audax Group • Insight Venture Management • SL Capital Partners • Aurora Management Partners • Intech • State Street Global Advisors • AXA Real Estate Investment Managers Ltd. • Intercontinental Real Estate Corp. • Sterling Venture Partners, LLC • Bernzott Capital Advisors • Invesco Core Real Estate USA, LP • TA Realty • BlackRock Advisors, LLC • J.F. Lehman & Company, Inc. • TH Lee Putnam Ventures • Blue Point Capital Partners, LLC • J.P. Morgan Investment Management, Inc. • Thomas H. Lee Partners, LP • Boston Millennia Partners • J.W. Childs Associates, LP • Thoma Bravo, LLC • Brookfeld Asset Management • LaSalle Investment Management, Inc. • Thomas Weisel Global Growth Partners, LLC • CCMP Capital Advisors, LLC • Lazard Asset Management, LLC • Todd Asset Management • Centersquare Investment Management Holdings, Inc. • Lexington Partners, LP • Tristan Capital Partners • Columbia Management Investment Advisors, LLC • Loomis Sayles & Company • Vanguard Venture Partners, LLC • Commonwealth Capital Ventures • Mesirow Advanced Strategies, Inc. • Vontobel Asset Management, Inc. • Courtland Partners • Mesirow Financial Investment Management, Inc. • W Capital Partners • Crescent Capital Group, LP • MPM Capital, LP • Wells Capital Management, Inc. • DDJ Capital Management • NGP Energy Capital Management, LLC • Western Technology • D.E. Shaw Investment Management, LLC • Oaktree Capital Management, LP • Westfeld Capital Management Company, LP • DRC Capital, LLP • PanAgora Asset Management, Inc. • Westport Capital Partners, LLC • Dune Capital Management, LP • Pearlmark Investment Advisors, LLC • Z Capital Partners, LLC • Energy Spectrum Partners • Perella Weinberg Partners Capital Management, LP • Zevenbergen Capital Investments, LLC • EnTrust Partners, LLC
PERAC ANNUAL REPORT 2017 | 119 RETIREMENT BOARD INVESTMENT VENDORS BOSTON TEACHERS • PRIT
BRAINTREE • Lexington Partners, LP • PRIT • SEI Investments Management Corporation Custodian: SEI Private Trust Company
BRISTOL COUNTY • Aberdeen Asset Management • GCM Customized Fund Investment Group • New Boston Fund, Inc. Custodian: State Street Bank & Trust • Arrowstreet Capital, LP • Hunt Investment Management, LLC • Pacifc Investment Management Company, LLC Consultant: Segal Marco Advisors • Ashmore Investment Advisors, Ltd. • IFM Investors (US) Advisor • Polaris Capital Management, LLC • BlackRock Investment Management, LLC • Income Research & Management • PRIT • Brookfeld Timberlands Management, LP • Intech • RBC Global Asset Management (U.S.), Inc. • CB Richard Ellis Group, Inc. • Intercontinental Real Estate Corp. • Rice Hall James & Associates, LLC • Clearbridge Investments • Invesco Advisers, Inc. • RREEF Management, LLC • Colchester Global Investors • Lazard Asset Management, LLC • SEI Trust Company • Columbia Management Investment Advisers, LLC • LSV Asset Management • Stone Harbor Investment Partners • DN Partners • Lyrical Asset Management, LP • TA Realty • Dupont Capital Management • Massachusetts Financial Services Company • Timberland Investment Resources, LLC • Earnest Partners, LLC • Mesirow Financial Private Equity Advisors, Inc. • WL Ross & Co., LLC
BROCKTON • Aberdeen Asset Management • Hunt Investment Management, LLC • New Boston Fund, Inc. Custodian: SEI Private Trust Company • Arsenal Real Estate Partners • Intercontinental Capital Management, LLC • Oppenheimer Alternative Investment Management Consultant: Fiduciary Investment • Ascent Venture Partners • Invesco Private Capital, Inc. Advisors • Charlesbank Capital Partners, LLC • Landmark Partners, LLC • SEI Investments Management Corp. • HealthPoint, LLC • Mesirow Financial Investment Management , Inc. • Siguler Guff Advisers, LLC BROOKLINE • AEW Capital Management, LP • Invesco Private Capital, Inc. • Russell Investment Group Custodian: Russell Investments • Hancock Timber Resource Group, Inc. • Lexington Partners, LP • Sustainable Woodlands Partners, LLC • HarbourVest Partners, LLC • PRIT CAMBRIDGE • Aberdeen Asset Management • Income Research & Management • Polaris Capital Management, LLC Custodian: People’s United Bank • AEW Capital Management, LP • Intercontinental Real Estate Corp. • PRIT Consultant: Segal Marco Advisors • Ascent Venture Partners • J.P. Morgan Investment Management • RBC Global Asset Management (U.S.), Inc. • BlackRock Investment Management, LLC • Landmark Partners, LLC • RhumbLine Advisers • Brandywine Global Investment Management, LLC • Lazard Asset Management, LLC • Rockwood Capital, LLC • Columbia Management Investment Advisors, LLC • Lexington Partners, LP • State Street Global Advisors • Fidelity Institutional Asset Management • Loomis Sayles & Co. • UBS Realty Advisors, LLC • Hamilton Lane • MacKay Shields, LLC • WEDGE Capital Management, LLP • Hancock Timber Resource Group, Inc. • MFS Institutional Advisors, Inc. • Wellington Management Company • IFM Investors (US) Advisor • Penn Square Global Real Estate Group, LLC
CHELSEA • PRIT
CHICOPEE • PRIT • SEI Investments Management Corp. Custodian: SEI Private Trust Company
CLINTON • PRIT Consultant: Trust Advisory Group, Ltd.
CONCORD • Columbia Threadneedle Investments • PRIT • Russell Investment Group Custodian: Comerica Securities Consultant: Fiduciary Investment Advisors DANVERS • Barings, LLC • Hillswick Asset Management • RhumbLine Advisers Custodian: People’s United Bank • Equus Capital Partners, Ltd. • Lyrical Asset Management • TA Realty Consultant: Graystone Consulting • Gerber-Taylor Management Company • PRIT • TWIN Capital Management
120 | PERAC ANNUAL REPORT 2016 RETIREMENT BOARD INVESTMENT VENDORS
DEDHAM • PRIT
DUKES COUNTY • Atlanta Capital • Polen Capital Management, LLC • Vanguard Custodian: People’s United Bank • Garcia Hamilton & Associates LP • PRIT Consultant: Dahab Associates, Inc. EASTHAMPTON • PRIT
ESSEX COUNTY • Ascent Venture Partners • Levine Leichtman Capital Partners, Inc.. • Principal Real Estate Investors, LLC Custodian: State Street Bank & Trust • BlackRock Investment Management, LLC • MassVentures • Sentinel Real Estate Corporation • Boston Millennia Partners • PRIT • TA Realty • Intercontinental Real Estate Corp. EVERETT • PRIT
FAIRHAVEN • PRIT
FALL RIVER • PRIT • SL Capital Partners, LLP
FALMOUTH • Baring Asset Management (Asia) Limited • Invesco Private Capital, Inc. • Prinicipal Real Estate Investors, LLC Custodian: State Street Bank & Trust • Dimensional Fund Advisors, LP • Lexington Partners, LP • RhumbLine Advisers Consultant: Wainwright Investment • Earnest Partners, LLC • LMCG Investments, LLC • SEI Trust Company Counsel, LLC • Hamilton Lane • Mesirow Financial Private Equity Advisors, Inc. • Seizert Capital Partners, LLC • HGK Asset Management, Inc. • Metropolitan Real Estate Equity Management, LLC • Siguler Guff Advisers, LLC • Intercontinental Real Estate Corp. • PRIT • State Street Global Advisors FITCHBURG • PRIT • TA Realty
FRAMINGHAM • PRIT
FRANKLIN COUNTY • Aberdeen Asset Management • Polen Capital Management, LLC • Seizert Capital Partners, LLC Custodian: Comerica Bank • Income Research & Management • PRIT • Systematic Financial Management, LP Consultant: Dahab Associates, Inc. • O’Shaughnessy Asset Management, LLC GARDNER • PRIT
GLOUCESTER • PRIT
GREATER LAWRENCE • Seaward Management Custodian: BNY Mellon Asset Servicing GREENFIELD • PRIT
HAMPDEN COUNTY • GCM Customized Fund Investment Group • Long Wharf Real Estate Partners, LLC • PRIT REGIONAL • Invesco Private Capital, Inc. • New Boston Fund, Inc. Consultant: Segal Marco Advisors HAMPSHIRE COUNTY • Ascent Venture Partners • Lexington Partners, LP • PRIT Consultant: New England Pension • Barings LLC • Massachusetts Financial Services Company • RBC Global Asset Management (U.S.) Inc. Consultants • Colchester Global Investors • Perella Weinberg Partners Capital Management, LP • RhumbLine Advisers • Glouston Capital Partners, LLC • Polaris Capital Management, LLC • Shenkman Capital Management, Inc. • Intercontinental Real Estate Corp. • Portfolio Advisors, LLC
PERAC ANNUAL REPORT 2016 | 121 RETIREMENT BOARD INVESTMENT VENDORS HAVERHILL • DDJ Capital Management, LLC • Intercontinental Real Estate Corporation • RhumbLine Advisers Custodian: People’s United Bank • Fisher Investments • Massachusetts Financial Services Company • Stafford Private Equity, Inc. Consultant: Wainwright Investment • Global Forest Partners, LP • Mesirow Financial Institutional Real Estate • Systematic Financial Management, LP Counsel, LLC • Globespan Capital Management, Inc. • Molpus Woodlands Group, LLC • TerraCap Management • GrandBanks Capital • PRIT • The DSF Group • Income Research + Management • Putnam Advisory Company, LLC • Victory Capital Management
HINGHAM • PRIT Consultant: Meketa Investment Group HOLYOKE • Aberdeen Asset Management • Fidelity Institutional Asset Management • Polaris Capital Management, LLC Consultant: Segal Marco Advisors • Acadian Asset Management, LLC • Flynn Financial Partners • PRIT • Algert Global • Industry Capital Advisors, LLC • Putnam Investment Management, LLC • American Realty Advisors • LMCG Investments • RBC Global Asset Management (U.S.) Inc. • Boston Company Asset Management, LLC • Long Wharf Real Estate Partners, LLC • Seizert Capital Partners, LLC • Brandywine Global Investment Management, LLC • Mesirow Financial Private Equity Advisors, Inc. • State Street Global Advisors • Charles Schwab & Co., Inc. • Monroe Capital • TerraCap Management • Constitution Capital Partners, LLC • Oberweis Asset Management, Inc. • Wasatch Advisors, Inc. • Denver Investments HULL • PRIT LAWRENCE • PRIT LEOMINSTER • Massachusetts Financial Services Company • Templeton Investment Counsel • Union Labor Life Insurance Company Custodian: State Street Bank & Trust • PRIT LEXINGTON • Acadian Asset Management, LLC • Kayne Anderson Rudnick Investment Management • RhumbLine Advisers Custodian: State Street Bank & Trust • Beacon Capital Partners, LLC • Loomis Sayles & Company • Wellington Management Company, LLP Consultant: Meketa Investment • Fidelity Investments • Matthews International Capital Management, LLC • White Oak Global Advisors, LLC Group, Inc. • Fiduciary Management, Inc. • Monroe Capital • William Blair & Company, LLC • Golub Capital Partners • PRIT LOWELL • Ascent Venture Partners • Charles River Ventures • PRIT Custodian: People’s United Bank • Boston Millennia Partners • Intercontinental Real Estate Corporation • Sentinel Real Estate Corporation • Charles River Ventures LYNN • Ascent Venture Partners • BlackRock Realty Advisors, Inc. • Hunt Investment Management, LLC • BlackRock Investment Management, LLC • Fidelity Investments Money Management, Inc. • PRIT MHFA • Aberdeen Asset Management • Goldman Sachs Asset Management, LP • LMCG Investments, LLC Custodian: State Street Bank & Trust • AEW Capital Management, LP • HarbourVest Partners, LLC • Logan Circle Partners, LP Consultant: Meketa Investment • Ascent Venture Partners • IFM Investors Advisor • Longfellow Investment Management Group, Inc. • Columbia Management Investment Advisers, LLC • Intercontinental Real Estate Corporation • State Street Global Advisors • Constitution Capital Partners, LLC • KBI Global Investors (North America) Ltd. • TA Realty • Dimensional Fund Advisors, LP MWRA • Alcentra NY, LLC • Kayne Anderson Capital Advisors, LP • RhumbLine Advisers Custodian: People’s United Bank • Ascent Venture Partners • Landmark Partners, LLC • Robeco Institutional Asset Management U.S., Inc. Consultant: New England Pension • CarVal Investors • Lee Munder Capital Group, LLC • Schroders Investment Management North Consultants • Castile Ventures • Loomis Sayles & Company America, Inc. • Cerberus Capital Management, LP • Mesirow Financial Institutional Real Estate • SEI Trust Corporation • Coho Partners, Ltd. • Morgan Stanley • Select Equity Group, LP • Courtland Partners • Pacifc Investment Management Company, LLC • TA Realty • Entrust Partners, LLC • Park Square Capital • TerraCap Management • Foundry Group, LLP • Pinebridge Investments, LLC • Wellington Management Company, LLP • Invesco Trust Company • Polen Capital Management, LLC • William Blair & Company, LLC • Invesco Private Capital, Inc. • PRIT • WL Ross & Co., LLC • J.F. Lehman & Company • Private Advisors, LLC
122 | PERAC ANNUAL REPORT 2016 RETIREMENT BOARD INVESTMENT VENDORS MALDEN • De Burlo Group, Inc. Custodian: State Street Bank & Trust
MARBLEHEAD • PRIT
MARLBOROUGH • Clarion Partners • Driehaus Capital Management, LLC • RhumbLine Advisers Custodian: Comerica Bank • Colony Realty Partners • Fiduciary Management, Inc. • Shenkman Capital Management, Inc. Consultant: Meketa Investment • Constitution Capital Partners, LLC • Frontier Capital Management Co., LLC • SL Capital Partners, LLP Group, Inc. • Dimensional Fund Advisors LP • Payden & Rygel • State Street Global Advisors MASSPORT • Aberdeen Asset Management, Inc. • Pzena Investment Management, LLC • Wellington Management Company, LLP Custodian: People’s United Bank • PRIT • State Street Global Advisors Consultant: Wilshire Associates MAYNARD • Boston Advisors, LLC • PRIT • Sequin Partners, LLC Custodian: State Street Bank & Trust MEDFORD • City of London Investment Management • Mellon Capital Management Corporation • Standard Life Investment Custodian: People’s United Bank • Columbia Management Investment Advisors, LLC • PRIT • Western Asset Management Company Consultant: New England Pension • Lazard Asset Management, LLC • RhumbLine Advisers • William Blair & Company, LLC Consultants • Loomis Sayles & Company MELROSE • Ascent Venture Partners • Intercontinental Real Estate Corporation • PRIT • Hunt Investment Management, LLC • Invesco Private Capital, Inc.
METHUEN • BlackRock Investment Management, LLC • PRIT
MIDDLESEX COUNTY • Ares Management, LLC • Duke Street Capital • Intercontinental Real Estate Corporation Custodian: State Street Bank & Trust • Ascent Venture Partners • Global Forest Partners, LP • Invesco Private Capital, Inc. • Auda Private Equity, LLC • Globespan Capital Management, Inc. • PRIT • Boston Millennia Partners • Hunt Investment Management, LLC • TH Lee Partners
MILFORD • PRIT
MILTON • PRIT
MINUTEMAN REGIONAL • PRIT
MONTAGUE • PRIT
NATICK • Intercontinental Real Estate Corporation • SEI Investments Management Corp. • SL Capital Partners, LLP Custodian: People’s United Bank • PRIT Consultant: Fiduciary Investment Advisors, LLC NEEDHAM • PRIT
NEW BEDFORD • Aberdeen Asset Management, Inc. • Invesco Private Capital, Inc. • State Street Global Advisors Limited Custodian: State Street Bank & Trust • Acadian Asset Management, LLC • Lexington Advisors, Inc. • TA Realty Consultant: Segal Marco Advisors • Blackrock Realty Advisors, Inc. • Loomis Sayles & Company • UBS Realty Investors, LLC • Boston Company Asset Management, LLC • Mesirow Private Equity Advisors, Inc. • Wellington Management Company, LLP • Hamilton Lane • Neuberger Berman Management • Westfeld Capital Management Company, LP • Hunt Invesment Management, LLC • Pacifc Investment Management Company, LLC • Wilton Asset Management, LLC • Intercontinental Real Estate Corp. • SEI Trust Company
PERAC ANNUAL REPORT 2016 | 123 RETIREMENT BOARD INVESTMENT VENDORS NEWBURYPORT • PRIT
NEWTON • PRIT
NORFOLK COUNTY • Allianz Global Investors Fund Management, LLC • Globespan Capital Management, Inc. • Northern Trust Custodian: State Street Bank & Trust • ArcLight Capital Partners, LLC • Goldentree Asset Management, LP • Preferred Investors Consultant: Wainwright Investment • Ariel Investments • Halpern, Denny & Company • PRIT Counsel, LLP • Ascend Ventures Group, LLC • Hamilton Lane • PRISM Venture Partners • Boston Millennia Partners • HarbourVest Partners, LLC • RhumbLine Advisers • Centersquare Investment Management • Hunt Investment Management, LLC • Seizert Capital Partners, LLC Holdings, Inc. • Income Research & Management • Sentinel Real Estate Corporation • Centre Lane Partners, LLC • Intercontinental Real Estate Corporation • Siguler Guff Advisors, LLC • CHL Medical Partners • Invesco Private Capital, Inc. • SL Capital Partners, LLP • Clarion Partners • Lazard Asset Management, LLC • State Street Global Advisors • Coller Investment Management, Ltd. • Lee Munder Capital Group, LLC • TA Realty • Constitution Capital Partners, LLC • LLM Capital Partners • TerraCap Management • Corsair Capital LLC • Loomis, Sayles & Company • Victory Capital Management • D.E. Shaw Investment Management, LLC • Mesirow Capital Partners X, LP • Wellesley Advisors Corporation • DSF Group • Mesirow Financial Institutional Real Estate • Wellington Management Company, LLP • EnTrust Partners, LLC • MFS International Advisors, Inc. • Wilshire Associates, Inc. • Gamco Asset Management, Inc. • Monitor Venture Management • Gerding Edlen Investment Management, LLC
NORTH ADAMS • De Burlo Group, Inc. • PRIT Custodian: People’s United Bank
NORTH ATTLEBORO • AmSouth Bank • Chicago Equity Partners, LLC • Loomis Sayles & Company Custodian: State Street Bank & Trust • Atlanta Capital • Davenport & Company, LLC • RhumbLine Advisers Consultant: Dahab Associates, Inc. • Axiom International Investors, LLC • Herndon Capital Management, LLC • Stewart Capital Advisors, LLC • Blackrock Realty Advisors, Inc. • Intercontinental Real Estate Corporation • Vontobel Asset Management, Inc. • Brandes Investment Partners, LP • Lazard Asset Management, LLC
NORTHAMPTON • De Burlo Group, Inc. • PRIT Custodian: People’s United Bank NORTHBRIDGE • PRIT
NORWOOD • Aberdeen Asset Management, Inc. • Columbia Management Investment Advisors, LLC • IFM Investors Advisor Custodian: State Street Bank & Trust • American Funds • Constitution Capital Partners • Landmark Partners, LLC Consultant: Meketa Investment • Atlanta Capital • Dimensional Fund Advisors, LP • PRIT Group, Inc. • Boston Company Asset Management, LLC • HabourVest Partners, LLC • RhumbLine Advisers
PEABODY • PRIT
PITTSFIELD • Hunt Investment Management, LLC • PRIT • SL Capital Partners, LLP Consultant: Fiduciary Investment Advisors, LLC PLYMOUTH • Acadian Asset Management • Columbia Management Investment Advisers • Boston Partners Global Investors, Inc. Custodian: People’s United Bank • Babson Capital Management • Intercontinental Real Estate Corporation • Templeton Investment Counsel Consultant: Fiduciary Investment • BlackRock Advisors, LLC • Invesco Trust Company • Wellington Management Company, LLP Advisors, LLC • Boston Advisors, LLC • PRIT • Westfeld Capital Management Company, LP • Boston Trust Investment Management, Inc. • Rhumbline Advisers
124 | PERAC ANNUAL REPORT 2016 RETIREMENT BOARD INVESTMENT VENDORS PRIM • 400 Capital Management • Driehaus Capital Management, LLC • New Boston Urban Fund I Custodian: BNY Mellon • Acadian Asset Management, LLC • East Lodge Capital • New Enterprise Associates • Access Capital • Eaton Vance Institutional Funds • Nordic Capital Consultants: Arden Asset Management • Acon Investments • El Dorado Ventures • Oaktree Capital Management LLC, Callan Associates, Hamilton Lane, • Advent International • Elliot Capital Advisors, LP • Odyssey Investment Partners International Woodland Company, NEPC, • AEW Capital Management • Equitable Capital Management Corporation • Olympus Partners Townsend • AFL-CIO Housing Investment Trust • Essex Woodlands Health Ventures • Onex Capital Partners • AgIS Capital, LLC • Ethos Private Equity • OZ Advisors, LP • Alchemy Partners • Exponent Private Equity Partners • Pacifc Alternative Asset Management Co. (PAAMCO) • Alta Communications • Fidelity Management Trust Company • Pacifc Investment Management Co. (PIMCO) • American Securities Capital Partners • FIS Group, Inc. • PAI Europe • Anchorage Capital, LLC • First Reserve Corporation • PanAgora Asset Management, Inc. • Angelo Gordon • Flagship Ventures • Permira Ventures • APAX Partners & Co. • Forest Investment Associates • Pershing Square G.P., LLC • Apollo Management Co. • Frontier Capital Management • Pictet Asset Management, Inc. • AQR Capital • Freeman Spogli Equity Partners • Polaris Venture Partners • Arden Asset Management • GENSTAR Capital • Presima • Ascent Venture Partners • Gilde Buy Out Partners AG • Providence Equity Partners • Ashmore Investment Management, Ltd. • Glenview Capital G.P., LLC • Pzena Investment Management • Asia Pacifc Trust • Goldman Sachs Investment Management • Quantum Energy Partners • Austin Ventures • Gores Capital • Quad-C Management • Avenue Capital Group • GSO Capital Partners • Rembrandt Venture Partners • Baillie Gifford • GTCR Golder Rauner • Rhone Group, LLC • Bain Capital • Harding Loevner • Riverbridge Partners • Battery Ventures • Hellman & Friedman Capital Partners • Russell Implementation Source • Blackrock Financial Management, Inc. • H.I.G. Capital Partners • SAIF Partners • Blackstone Capital Partners • Highfelds Associates, LLC • SCP Vitalife • Blackstone Group • Highland Capital Partners • SECOR Asset Management • Boston Ventures • Hony Capital • Shenkman Capital Management • Bridgepoint Capital Limited • Huber Capital • Sherbrooke Capital • Brigade Capital G.P., LLC • Index Ventures • Sofnnova Ventures, Inc. • Brookfeld Investment Management • Informed Portfolio Management • Spark Capital • Campbell Group, LLC • Insight Venture Partners • Spectrum Equity Partners • Candover • Institutional Venture Partners • State Street Global Advisors • Cantab Capital Partners, LP • Intercontinental IV • Steadfast Capital Management LP • Canvas Capital • InterWest Partners • Stone Harbor Investment Partners LP • Canyon Johnson II • Invesco Realty Advisors • Summit Creek Advisors • Capula Management Limited • Investec Asset Management • Summit Ventures • Carlyle Group • JEN Partners • SV Life Sciences Advisors • Carlyle Partners • J.P. Morgan Investment Management • TA Associates/Advent • Castille • Kainos Capital, LLC • Technology Crossover Ventures • Catalyst Investors • Kelso & Company • Texas Pacifc Group • Centerbridge • Kepha Partners • Thoma Bravo • Centerbridge Special Credit Partners • Keytone Ventures • Thoma Cressey Partners • CenterSquare Investment Management • Kohlberg Kravis Roberts and Co. • Thomas H. Lee Equity Partners, LP • Charlesbank Capital Partners • KPS Capital Partners • Torquest Partners • Charles River Ventures • Land and Buildings Investment Management • Towerbrook Capital Partners • Charterhouse Group • Landmark Equity Partners • Trident Capital • Chequers • LaSalle Investment Management • Union Square Ventures • City of London Investment Management Co. • Loomis, Sayles & Company • VantagePoint Partners • Clifton Group • Lovell Minnick Partners • Vestar Capital Partners • Code, Hennessey & Simmons • Madison Dearborn Capital Partners • Vista Equity Partners • Commonwealth Capital Ventures • Marathon — London • Voya Financial • Community Capital Management • M/C Venture Partners • Wasatch Advisors Inc. • Contrarian Capital • Medixi Ventures • Welsh, Carson, Anderson & Stowe • Crescent Capital Group • Menlo Ventures • Weston Presidio Capital • CVC Capital • Mondrian Investment Partners Ltd. • WestView Capital Partners • Cypress Merchant Banking Partners • Montagu • Whitney & Company • Davidson Kempner Advisors, Inc. • Montreux Equity Partners • Willis Stein • Denham Capital Management • Mudrick Capital Management, LP • Winton Capital Management • DivcoWest • Nash & Sells • Xenon Private Equity, LTD • DLJ Merchant Banking Partners • Nautic Partners
PERAC ANNUAL REPORT 2016 | 125 RETIREMENT BOARD INVESTMENT VENDORS PLYMOUTH COUNTY • ABS Investment Management, LLC • Fisher Investments • LLR Management Custodian: State Street Bank & Trust • AEW Capital Management, LP • First Eagle Investment Management • McDonnell Investment Management, LLC Consultant: Meketa Investment Group • Akina Limited • Franklin Templeton Investment Management • Mesirow Financial Capital Partners X, LP • Ascend Venture Group • Geneva Capital Management, Ltd • Mesirow Financial Institutional Real Estate • Ascent Venture Partners • Global Infrastructure Management, LLC • Mutti Employer Property Trust • Audax Management Company (NY), LLC • Globespan Capital Management, Inc. • New Boston Fund, Inc. • Basalt Infrastructure Partners • HGK Asset Management, Inc. • NewTower Trust Company • Berkshire Property Advisors, LLC • Hunt Investment Management, LLC • Prudential Real Estate Investors • Boston Company Asset Management, LLC • IFM Investors Advisor • RhumbLine Advisers • BTG Pactual Timberland Investment Group • Income Research & Management • Rohatyn Group • Carlyle Investment Management • Invesco Trust Company • SEI Trust Company • Charles River Ventures • J.P. Morgan Investment Management, Inc. • Siguler Guff Advisers, LLC • Copper Rock Capital Partners • KBI Global Investors (North America Ltd.) • Summit Partners, LP • Denver Investments • Kopernik Global Investors • THL Credit Advisors, LLC • DN Partners • Landmark Partners, LLC • TimberVest, LLC • DSF Group • Lee Munder Capital Group, LLC • Wellesley Advisors Corporation • Eaton Vance Investment Counsel • Leeds Equity Partners • Wellington Management • EnTrust Partners Offshore, LP • Lexington Partners, LP • Wellspring Capital Management, LLC QUINCY • Aberdeen Asset Management, Inc. • Copper Rock Capital Partners, LLC • RhumbLine Advisers Custodian: State Street Bank & Trust • Acadian Asset Management, LLC • Goldman Sachs Asset Management, LP • Ridgemont Equity Partners Consultant: Meketa Investment • Adams Street Partners, LLC • Hancock Timber Resource Group, Inc. • Rockwood Capital Group, Inc. • AEW Capital Management, LP • IFM Investors Advisor • SL Capital Partners, LLP • Beach Point Capital Management, LP • LLR Management • State Street Global Advisors • Brookfeld Asset Management • Loomis Sayles & Company • Stone Harbor Investment Partners, LP • Brown Advisory, LLC • Oppenheimer Alternative Investment • TA Realty • Colony Realty Partners Management • UBS Realty Investors, LLC • Columbia Management Investment Advisors, LLC • PRIT • Wellspring Capital Management READING • PRIT
REVERE • PRIT
SALEM • PRIT
SAUGUS • PRIT
SHREWSBURY • PRIT Consultant: Dahab Associates, Inc. SOMERVILLE • Congress Asset Management Company, LLP • Loomis Sayles & Company • UBS Realty Investors, LLC Custodian: Comerica Securities • Lazard Asset Management, LLC • RhumbLine Advisers
SOUTHBRIDGE • PRIT
SPRINGFIELD • Boston Millennia Partners • Crescendo Ventures Management, LLC • PRIT Custodian: PeoplesBank STATE • PRIT
STATE TEACHERS • PRIT
STONEHAM • PRIT • SEI Investments Management Corp. Custodian: SEI Private Trust Company Consultant: Fiduciary Investment Advisors, LLC
126 | PERAC ANNUAL REPORT 2016 RETIREMENT BOARD INVESTMENT VENDORS SWAMPSCOTT • Intercontinental Real Estate Corporation • North Sky Capital, LLC • PRIT Custodian: People’s United Bank Consultant: Dahab Associates
TAUNTON • Aberdeen Asset Management • Glovista Investments, LLC • Polen Capital Management, LLC Custodian: State Street Bank & Trust • BlackRock Investment Management, LLC • Intercontinental Real Estate Corporation • Quantitative Management Association Consultant: Dahab Associates, Inc. • Boston Millennia Partners • Invesco Core Real Estate USA, LP • State Street Global Advisors • Brandywine Global Investment Management, LLC • Invesco Trust Company • TimberVest, LLC • Ceres Partners, LLC • Invesco Private Capital, Inc. • Vontobel Asset Management, Inc. • C.S. Mckee, LP • Long Wharf Real Estate Partners, LLC • Weaver C. Barksdale & Associates • Denver Investments • Manulife Asset Management, LLC • Wells Capital Management, Inc. • Earnest Partners, LLC • Molpus Woodlands Group, LLC • Frontier Capital Management Co., LLC WAKEFIELD • PRIT
WALTHAM • Ascent Venture Partners • Invesco Private Capital, Inc. • RCP Advisors, LLC Custodian: SEI Private Trust Company • Hunt Investment Management, LLC • Precision Capital Advisors, LLC • SEI Investments Management Corporation Consultant: Fiduciary Investment • Intercontinental Real Estate Corporation • PRIT Advisors, LLC WATERTOWN • Acadian Asset Management, LLC • Eaton Vance Management • Massachusetts Financial Services Company Custodian: State Street Bank & Trust • Arsenal Real Estate Funds, LLC • Guggenheim Partners Investment • New Boston Fund, Inc. Management, LLC Consultant: Fiduciary Investment • Auda Private Equity, LLC • PRIT Advisors, LLC • Blackrock Advisors, LLC • Income Research & Management • RCP Advisors, LLC • Brandywine Global Investment Management, LLC • Intercontinental Real Estate Corporation • SEI Trust Company • Columbia Management Investment Advisors, LLC • Lee Munder Capital Group, LLC • Wellington Management Company, LLP • Earnest Partners, LLC WEBSTER • HGK Asset Management Inc. • Loomis Sayles & Company • RhumbLine Advisers Custodian: State Street Bank & Trust • Lee Munder Capital Group, LLC • PRIT • SEI Trust Company Consultant: Wainwright Investment Counsel, LLC WELLESLEY • PRIT
WEST SPRINGFIELD • AmSouth Bank • De Burlo Group, Inc. Custodian: Comerica
WESTFIELD • Addenda Capital • Intercontinental Real Estate Corporation • RBC Global Asset Management (U.S.), Inc. • Boston Company Asset Management, LLC • Lazard Asset Management, LLC • SEI Trust Company • Columbia Management Investment Advisers, LLC • LMCG Investments • State Street Global Advisors • Constitution Capital Partners, LLC • Long Wharf Real Estate Partners, LLC • TerraCap Management • Fisher Investments • Loomis Sayles & Company • Wasatch Advisors, Inc. • Hamilton Lane • Polaris Capital Management, LLC • Wells Capital Management, Inc. • Income Research & Management • PRIT
PERAC ANNUAL REPORT 2016 | 127 RETIREMENT BOARD INVESTMENT VENDORS WEYMOUTH • Aberdeen Asset Management, Inc. • Constitution Capital Partners, LLC • Pioneer Institutional Asset Management Inc. Custodian: Comerica • Acadian Assset Management, LLC • HarbourVest Partners, LLC • PRIT Consultant: Fiduciary Investment • Adams Street Partners • Intercontinental Real Estate Corporation • RhumbLine Advisers Advisors, LLC • Ashmore Investment Advisors • Invesco Private Capital, Inc. • RS Investment Management Company, LLC • BlackRock Advisors, LLC • Landmark Partners, LLC • Sigular Guff Advisers, LLC • Boston Company Asset Management, LLC • Loomis Sayles & Company • State Street Global Advisors • Brandywine Global Investment Management, LLC • OFI Global Institutional, Inc. • Wasatch Advisors
WINCHESTER • Guggenheim Real Estate, LLC • State Street Global Advisors • Wellington Management Company, LLP Custodian: State Street Bank & Trust • PRIT
WINTHROP • PRIT
WOBURN • Alliance Bernstein, LP • Invesco Private Capital, Inc. • Stafford Private Equity Inc. Custodian: State Street Bank & Trust • Charlesbank Capital Partners, LLC • Loomis Sayles & Company • State Street Global Advisors Consultant: Wainwright Investment • Earnest Partners, LLC • PRIT • Wilshire Associates, Inc. Counsel, LLC • Hunt Investment Management, LLC • RhumbLine Advisers • Victory Capital Management • Intercontinental Real Estate Corporation
WORCESTER • Acadian Asset Management, LLC • Harvest Partners, LP • PRIT Custodian: State Street Bank & Trust • AEW Capital Management, LP • IFM Investors (US) Advisor, LLC • Ridgemont Equity Partners Consultant: Meketa Investment Group; • American Securities, LLC • Income Research + Management • Riverside Company Fiduciary Investment Advisors • Ascent Venture Partners • Invesco Private Capital, Inc. • SL Capital Partners, LLP • Boston Millenia Partners • Lazard Asset Management, LLC • State Street Global Advisors • BTG Pactual Timberland Investment Group, LLC • Lee Munder Capital Group, LLC • TA Associates Management • Capital International, Inc. • Loomis Sayles & Company • Vitruvian Partners, LLP • Charlesbank Capital Partners, LLC • Newstone Capital Partners, LLC • White Deer Energy • Global Infrastructure Management, LLC • Northstar Company, LLC • William Blair & Company, LLC • Hancock Natural Resource Group, Inc.
WORCESTER REGIONAL • AEW Capital Management, LP • Hunt Investment Management, LLC • PRIT • Ascent Venture Partners • Intercontinental Real Estate Corporation • TA Realty
128 | PERAC ANNUAL REPORT 2016