Massachusetts Pension Reserves Investment Management Board, Boston, plans to issue an RFP for a real estate and timberland consultant, spokeswoman Cayenne Isaksen said in an e-mail.
The contract of current real estate and timberland consultant Townsend Group expires June 30, 2017. It could not immediately be learned whether Townsend is invited to rebid and when the RFP will be issued.
Once approved, the RFP is expected to be posted on the $62.7 billion pension fund's website. A timeline for hiring decision could not be learned.
Separately, the pension fund committed an additional up to $100 million to AEW Capital Management for investments in high-quality industrial development projects in primary U.S. markets. The pension fund committed an initial $100 million to AEW for similar investments in 2014.
AEW manages about $2 billion total in private core and non-core real estate assets for the pension fund.
Finally, in private equity, the pension fund committed €12 million ($13 million) to Medicxi Growth I, a venture capital fund managed by Medicxi Ventures. MassPRIM previously invested €20 million combined in two other Medicxi funds.
The pension has a 10% real estate target, 10% private equity target and 4% timberland target.
