St. Louis Employees' Retirement System is searching for a private equity fund-of-funds manager to run $20 million, said Richard Olliges, accounting officer.
This will be the $790 million pension fund's first private equity manager, Mr. Olliges said. The pension fund has a 5% target for private equity. He had no further information.
The RFP is available from the retirement system's page on the city's website. Proposals are due at 4 p.m. CDT on June 5. A timetable for a decision was not made available.
Investment consultant Summit Strategies Group is assisting.