Philadelphia Board of Pensions and Retirement is searching for a diverse, emerging and local domestic equity manager to run an undetermined amount of assets, confirmed Christopher DiFusco, director of investments.
The manager must be a minority-, woman- or disabled-owned firm, manage less than $2 billion in assets and have an established office in Philadelphia, according to the RFP. The minimum AUM requirement is $100 million. The strategy must be a separate account.
Investment consultant Cliffwater is assisting.
The RFP is available on Philadelphia's procurement website. Proposals are due at 5 p.m. EDT Oct. 15. A hiring date was not specified.
Mr. DiFusco said he had no comment beyond the information in the RFP.
