Cambridge (Mass.) Retirement System is searching for a private equity secondaries manager to run about $40 million.
Rafik Ghazarian, vice president at Segal Rogerscasey, investment consultant to the $1.1 billion pension fund, said this is a new allocation for the fund. The consultant recommended the pension fund increase its private equity exposure. Mr. Ghazarian did not provide a funding source.
The RFP can be found on Segal Rogerscasey’s website. Proposals are due 3 p.m. EDT Oct. 1. Mr. Ghazarian did not provide a selection date.