New Mexico Public Employees Retirement Association, Santa Fe, is searching for a manager to run $100 million to $200 million in a listed infrastructure portfolio, said Jonathan Grabel, chief investment officer for the $14.5 billion pension fund, in an e-mail.
Pension fund officials launched the search to help implement a 7% real asset allocation, a three-percentage-point increase from last year. Pension officials prefer proposals for a separately managed account but commingled vehicles will be considered, the RFP states. The pension fund's alternative investments consultant Cliffwater is assisting.
Proposals are due by 5 p.m. PDT May 22, with a selection date to be determined, the RFP shows. The RFP is located on New Mexico PERA's website.