Worcester (Mass.) Retirement System is searching for managers to run $5 million to $10 million each in separate infrastructure and private equity mandates, according to new, separate RFPs.
The pension board is seeking proposals from managers of closed-end private market infrastructure strategies. Open-end, first-time funds, public equity, sector specific and non-global strategies will not be considered, according to the infrastructure RFP.
For the private equity commitment, the board is searching for managers of direct, middle-market buyout private equity funds that invest in North American companies with enterprise values between $100 million and $500 million. First-time funds, fund-of-funds, co-investment funds, secondary funds, and sector specific funds will not be considered.
Both RFPs are on the website of Meketa Investment Group, the retirement system's consultant, at www.meketagroup.com/RFPDocuments/1202_Worcester-Infrastructure-RFI.doc and www.meketagroup.com/RFPDocuments/1202_Worcester-PE-RFI.doc.
Proposals are due by 4 pm EST on March 7.
Elizabeth Early, executive secretary of the $639 million Worcester pension fund, referred questions to Meketa officials. Todd Silverman, senior vice president at Meketa, did not return a telephone call for additional information by press time.