Worcester (Mass.) Retirement System is searching for a manager to run $10 million in a closed-end private market natural resources strategy, according to an RFP posted on the website of Meketa Investment Group, the $700 million pension fund's investment consultant.
The board is seeking a middle-market buyout strategy that invests in domestic energy-focused natural resources investments, according to the RFP. It will not consider proposals for open-end, large-market buyout, first-time funds, public equity and global strategies.
The pension fund has a 2% target allocation to natural resources.
The RFP is available on Meketa's website. Proposals are due at 4 p.m. EST Jan. 2. A hiring date was not specified.
Elizabeth Early, executive secretary of the pension fund, did not return a telephone call and Gerald Chew, vice president at Meketa, was not available for additional information by press time.