Marlborough (Mass.) Contributory Retirement System is searching for one or more private equity funds-of-funds managers.
The pension fund intends to commit about $5 million total to the manager or managers in order to bring it closer to its 5% private equity target from its current 2%, said Margaret R. Shea, board administrator. The pension fund has approximately $121 million in assets.
The deadline for proposals is 3 p.m. EDT on Aug. 26. There is no timeline for hiring decision.
Ms. Shea referred further questions to Meketa. A Meketa official could not immediately be reached for further information.