State-Boston on lookout for private markets manager

State-Boston Retirement System is searching for a private markets manager to run up to $20 million, according to a posting on the website of NEPC, the $3 billion pension fund's consultant.

Interested managers must be raising a “closed-end private markets fund with a majority of investments in North America,” according to the posting. The system is seeking managers that invest through primary or secondary transactions.

The RFI is at www. nepc.com/writable/files/2012_07_rfi_venture_nepc.doc.

Proposals are due at 4 p.m. EDT on Sept. 28. Further information on a timetable for a decision was not available by press time.

Daniel Greene, executive director of the retirement system, and Kristin Reynolds, partner and senior consultant at NEPC, did not return telephone calls by press time for additional information.