Norfolk County Retirement System, Canton, Mass., is searching for a distressed real estate manager to run about $5 million in a closed-end opportunistic fund.
Wainwright Investment Counsel, investment consultant to the $760 million defined benefit plan, is assisting with the search.
In order to be considered, the funds must make direct investments in distressed real estate and invest at least 75% of the capital in North America, Europe and the U.K., and be diversified among the three regions.
Only limited partnerships will be considered. Vehicles investing in publicly traded securities and funds of funds will not be considered.
The RFP is available on Wainwright's website. Registration is required. Proposals are due by 2 p.m. EDT Aug. 3. A selection date was not disclosed.
Further information could not be learned. Kathleen Kiely-Becchetti, executive director of the retirement system, and Gus Aristizabal, director of research at Wainwright Investment Counsel, could not be reached by press time.