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MWRA Reviews Apogem Private Equity Investment

Mwra Employees Retirement System
Disclosed value
$4.0 million commitment; management fee of 1% on net invested capital; 10% carried interest after an 8% priority return
From agendapacket
Document date
Oct 29, 2026

The 30-second brief

What it covers

The MWRA Employees’ Retirement Board reviewed an ongoing investment relationship with Apogem Capital, manager of the PASCCIF private-equity co-investment program. Supporting materials report a $4.0 million commitment, a 1% management fee on net invested capital, and 10% carried interest after an 8% priority return.

Who holds it

Apogem Capital LLC holds this financial services contract with Mwra Employees Retirement System. Its other public contracts on record include work for New Orleans Firemens Pension Relief Fund.

What happens next

Term as filed: Ongoing investment in PASCCIF; vintage year 2016.

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Contract details

Contract type
Financial Services
Amount
$4.0 million commitment; management fee of 1% on net invested capital; 10% carried interest after an 8% priority return
Document date
October 29, 2026
Term
Ongoing investment in PASCCIF; vintage year 2016
Vendor
Apogem Capital LLC
Agency
Mwra Employees Retirement System
Source document
Massachusetts Water Resources Authority Employees' Retirement System Agenda Packet 2026-10-29 (AgendaPacket)

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Questions about this contract

Who was awarded the financial services contract by Mwra Employees Retirement System?

Apogem Capital LLC was awarded this financial services contract by Mwra Employees Retirement System, as recorded on October 29, 2026. The contract value is $4.0 million commitment; management fee of 1% on net invested capital; 10% carried interest after an 8% priority return.

How much is the Apogem Capital LLC contract with Mwra Employees Retirement System worth?

The Apogem Capital LLC contract with Mwra Employees Retirement System is valued at $4.0 million commitment; management fee of 1% on net invested capital; 10% carried interest after an 8% priority return, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Massachusetts Water Resources Authority Employees' Retirement System Agenda Packet 2026-10-29 (AgendaPacket), dated October 29, 2026 from Mwra Employees Retirement System. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Apogem Capital LLC hold?

Apogem Capital LLC 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 Mwra Employees Retirement System currently buying?

Explore Mwra Employees Retirement System's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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