# Minuteman High School

Minuteman High School is a Pension Fund based in Lexington, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Lexington, United States
- **Region:** North America
- **Address:** Lexington, MA, United States
- **Assets under management:** $16M (Altss estimate)
- **Website:** www.minuteman.org

## Regulatory record

- **Reports private funds:** No

## About

The Minuteman Regional School District Retirement Board operates as a contributory retirement system for active and retired employees of the Minuteman Regional Vocational Technical School District in Lexington, Massachusetts. Chairperson Laurie Elliott leads the board, which is composed of district representatives including its business manager Nikki Andrade and administrator Sandor Zapolin. The fund allocates capital predominantly through the Commonwealth of Massachusetts's Pension Reserves Investment Trust (PRIT). Reported asset classes include global mixed-use real estate and timberland allocations, complemented by core and value-added fixed income investments. PRIT Fund Portfolio Completion Strategies provide additional global diversification. The board does not appear to execute direct private equity or venture investments outside the PRIT framework. The board maintains an estimated $16 million in assets according to Altss research, serving the retirement needs of a single regional vocational school district. The fund participates in the Massachusetts Association of Contributory Retirement Systems, aligning its governance and practice with other public pension boards across the state. No recent fund closings or strategic pivots have been announced in the past 24 months. The board's most notable structural characteristic is its reliance on a state-level pooled investment trust rather than independent manager selection — a common architecture for smaller Massachusetts public retirement systems that trades bespoke portfolio construction for cost efficiency and shared institutional governance.

## Sectors

- Real Estate
- Infrastructure

## People

- Laurie Elliott — Chairperson
- Nikki Andrade — Board Member and Business Manager
- Sandor Zapolin — Retirement Board Administrator
- Norman Cohen — Fifth Member of the Retirement Board

## Questions

### How does the Minuteman retirement board invest its assets?

The board participates in the Massachusetts Pension Reserves Investment Trust (PRIT) Fund. This pooled state vehicle provides exposure to global real estate, timberland, and fixed income through a core and value-added strategy. The fund does not maintain a separately managed direct investment program.

### What type of direct private equity or venture capital investments does the board make?

There is no public evidence of direct private equity or venture co-investment activity. Allocations to alternative assets appear to flow entirely through the PRIT Fund's Portfolio Completion Strategies and real estate sleeves rather than through independently sourced fund commitments or direct deals.

### Who governs the retirement board?

The board is chaired by Laurie Elliott. Other documented members include Nikki Andrade, the district's business manager, Sandor Zapolin as board administrator, and Norman Cohen, Esq. as the fifth board member. The board operates within the Massachusetts contributory retirement system framework.

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

Canonical page: https://altss.com/profile/minuteman-high-school

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology