Quincy (Mass.) Contributory Retirement System issued an RFP for managers of a direct private equity strategy to run $5 million.
Meketa Investment Group, investment consultant to the $290 million pension plan, is assisting with the search.
The pension plan intends to allocate to a closed-end fund and is seeking a demonstrated ability to manage a buyout strategy that invests in middle-market companies, confirmed Todd Silverman, principal at Meketa, in an email.
Only proposals for managers of direct private equity funds will be considered. Fund of funds and co-investment funds will not be considered.
The RFP is available on Meketa's website.
Proposals are due by 3 p.m. EST on March 6. A selection date was not disclosed.