Springfield Retirement Board Investment Regulations

Regulations accepted by the board and approved by PERAC

PERAC Approval Date: March 20, 2001

Investment/Supplemental Regulation

Regulation Number 16.08: In accordance with PERAC Investment Guideline 99-3, the Springfield Retirement System may invest in Crescendo Ventures Management – Crescendo V, L.P.  The System has been an investor in Crescendo’s previous limited partnerships and has achieved very favorable investment results.

PERAC Approval Date: 19.01(7)(a)(6)

Investment/Supplemental Regulation

Regulation Number March 20, 2001: The Springfield Retirement System may invest in the Crescendo V, L.P. whose fee structure differs from that noted in the above-noted regulation but which is compatible with standard industry practice.

PERAC Approval Date: January 4, 2000

Investment/Supplemental Regulation

Regulation Number 16.08: In accordance with PERAC Investment Guideline 99-3, the Springfield Retirement Board may invest in Boston Millennia Partners II, L.P.  The System has submitted the required documents, including an analysis of its investment in Boston Millennia Partners’ previous partnership.

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