State-Boston Retirement System is searching for private equity managers to commit a combined $45 million to emerging markets funds of funds, secondaries and energy investments.
The $3.9 billion pension fund will assign $15 million to each allocation and hire a manager for each allocation.
The emerging markets funds-of-funds commitment would be the first for the pension fund, said John Kelly, investment analyst at State-Boston. The pension fund has prior commitments to secondary and energy funds.
The pension fund has a 7% target allocation to private equity and an actual allocation of about 4%, Mr. Kelly said.
Investment consultant NEPC is assisting.
RFIs are available on NEPC's website. Proposals for the three allocations are due at 3 p.m. EDT Aug. 1. No selection date has been set, Mr. Kelly said.
