Municipal Authority of Westmoreland County Employees Pension Plan, New Stanton, Pa., is searching for a middle-market private debt fund and a general services administration real estate fund to which it will commit $3 million each, said Robert J. Bulas, senior vice president, institutional investment consultant at Morrison Fiduciary Advisors, the $50 million pension fund's investment consultant.
The pension fund issued the RFPs because private debt and GSA real estate are new allocations, Mr. Bulas said. Funding comes from rebalancing, and no managers will be terminated.
Proposals for both searches are due at 2 p.m. EDT on Oct. 25. Decisions are expected the week of Nov. 28.
Jay Skezas, pension plan manager, could not be immediately reached for further information.