State-Boston Retirement System is searching for private markets managers to receive about $40 million in aggregate across the respective mandates.
This search is targeting managers focused on private equity secondary funds, mezzanine debt, distressed debt, venture debt and special situation/turnaround strategies.
Only managers raising a closed-end private markets fund with a final closing date no earlier than March 1 will be considered. Existing managers are encouraged to submit proposals.
NEPC, investment consultant to the $4 billion pension system, is assisting with the search.
The RFP is available on NEPC's website.
Proposals are due by 2 p.m. EST on Feb. 3. A selection date was not disclosed.
Further information could not be learned by press time. John Kelly, the pension fund's investment analyst, and Joshua Ko, research analyst at NEPC, could not immediately be reached for comment.