New York City Retirement Systems issued a request for qualifications for managers to invest up to $175 million in emerging private equity funds. Officials at the $74 billion system are looking at small first-time funds, particularly from women- or minority-owned firms, said William C. Thompson, comptroller, in a news release. The selected funds will handle money from the system's four pension funds: employees' and teachers' retirement systems, and police and fire department pension funds.
Funding will come from domestic equity portfolios, said Jeff Simmons, spokesman for Mr. Thompson; specifics haven't been determined.
Proposals are due Nov. 7. The form is available online at www.comptroller.nyc.gov.