Norfolk County Retirement System, Canton, Mass., reissued an RFP seeking an infrastructure investment manager to run up to $10 million in a private market fund.
The search is being conducted to add more diversification to the portfolio, said Kathleen Kiely-Becchetti, executive director of the retirement system. This would be a new allocation to the fund. A source for funding has not yet been determined.
The pension fund originally issued the RFP in March and reissued it Thursday “because the original RFP did not receive respondents that met the minimum criteria,” Ms. Kiely-Becchetti said.
Wainwright Investment Counsel, investment consultant for the $850 million pension plan, is assisting with the search.
Only limited partnerships, including open-end funds, will be considered. Vehicles composed of publicly traded securities and funds of funds will not be considered.
The RFP is available on Wainwright’s website. Registration is required. Proposals are due by 2 p.m. EDT on July 7. A selection could be made in July or August, Ms. Kiely-Becchetti said.
Gus Aristizabal, director of research at Wainwright Investment Counsel, could not be reached for additional comment.