Denver Employees Retirement Plan is searching for private energy and private debt managers to run between $20 million to $40 million each, said Steven Hutt, executive director.
An RFP will not be issued. Summit Strategies, investment consultant to the $2.1 billion pension fund, is assisting with the search. Interested firms can contact Timothy S. Sant, senior vice president, at Summit Strategies, said Mr. Hutt.
In the spring, pension fund officials increased the target allocation to private energy to 5.5% from 4%. They also increased the target allocation to private debt to 6.5% from 4.5%. The search is a result of the target changes.
A hiring decision is anticipated at the beginning of the fourth quarter, said Mr. Hutt.
