# Massachusetts Housing Finance Agency Retirement Board

Massachusetts Housing Finance Agency Retirement Board is a Pension Fund based in Boston, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** One Beacon Street, Boston, MA 02108, United States
- **Founded:** 1974
- **Assets under management:** Undisclosed
- **Website:** masshousingretirement.com
- **LinkedIn:** https://www.masshousingretirement.com

## Regulatory record

- **Reports private funds:** No

## About

The Massachusetts Housing Finance Agency Retirement Board was established in 1974 to administer retirement benefits for employees of the Massachusetts Housing Finance Agency. Joseph M. Petty serves as Executive Secretary and Board Director while Michael Fitzmaurice chairs the board. Oversight rests with the Public Employee Retirement Administration Commission. The board allocates across public equities, investment-grade and high-yield bonds, TIPS, real estate value-add funds and private equity commitments. Confirmed holdings include positions in TA Realty Associates Fund IX, X and XII plus multiple HarbourVest and Constitution Capital vehicles. Geographic exposure centers on the United States with additional commitments to global private equity and infrastructure strategies. Total assets stand at $280 million. The board maintains membership in the Massachusetts Association of Contributory Retirement Systems and attends NCPERS conferences. Service providers include Meketa Investment Group as investment advisor, CliftonLarsonAllen as auditor and Stone Consulting as actuary. The board functions as a single-employer public pension plan tied directly to MassHousing rather than a statewide system, which shapes its governance and investment committee structure.

## Sectors

- Financial Services

## People

- Michael Fitzmaurice — Chairman
- Joseph M. Petty — Executive Secretary and Board Director
- Rachel Madden — Ex-Officio Member

## Questions

### Who runs investment decisions at Massachusetts Housing Finance Agency Retirement Board?

Joseph M. Petty serves as Executive Secretary and Board Director. Michael Fitzmaurice chairs the board. Meketa Investment Group provides ongoing investment advisory services.

### Does the board participate in fund commitments or only direct deals?

The board invests through limited partnership commitments to real estate and private equity funds. Holdings include TA Realty Associates funds and multiple HarbourVest and Constitution Capital vehicles.

### What investment stages does the board target?

The board targets buyout, growth, venture and co-investment strategies through fund commitments. Ticket sizes range from $1 million to $20 million.

### How is the board related to MassHousing?

The Retirement Board oversees the retirement plan for MassHousing employees and operates as an independent entity under state oversight.

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Last updated: 2026-06-03T20:00:00.000Z

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