CONTRACTRECOMMENDED

PRIM Recommends StepStone for Private Equity Advisory Services

Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts logoMassachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts
Disclosed value
$1.35M annual fee with 3% annual step ups
From minutes
Document date
Aug 5, 2025

The 30-second brief

What it covers

The PRIM Investment Committee recommended that the PRIM Board select StepStone Group LP for Private Equity advisory services and a private equity market database. The proposed annual fee is $1.35 million, with 3% annual step ups; no contract term was stated.

Who holds it

Stepstone Group LP holds this professional services contract with Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts. Its other public contracts on record include work for Los Angeles County Employees Retirement Association.

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Contract details

Contract type
Professional Services
Amount
$1.35M annual fee with 3% annual step ups
Document date
August 5, 2025
Source document
Pension Reserves Investment Management Board Minutes Investment Committee Remote Meeting 2025-08-05 (Minutes)

Stepstone Group LP's other public contracts

More Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts contracts

Questions about this contract

Who was awarded the professional services contract by Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts?

Stepstone Group LP was awarded this professional services contract by Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts, as recorded on August 5, 2025. The contract value is $1.35M annual fee with 3% annual step ups.

How much is the Stepstone Group LP contract with Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts worth?

The Stepstone Group LP contract with Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts is valued at $1.35M annual fee with 3% annual step ups, covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Pension Reserves Investment Management Board Minutes Investment Committee Remote Meeting 2025-08-05 (Minutes), dated August 5, 2025 from Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Stepstone Group LP hold?

Stepstone Group LP may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts currently buying?

Explore Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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