State-Boston Retirement System is searching for at least one real estate manager to run about $45 million in a closed-end, private non-core equity or debt fund.
NEPC, investment consultant for the $4.1 billion pension plan, is assisting with the search.
The fund must have at least $200 million in assets and a target final close date no earlier than April 2017. U.S., international or globally focused funds are eligible.
Current managers are encouraged to bid.
The RFP is available on NEPC’s website. Proposals are due by Jan. 2. A selection date was not disclosed.
Further information could not be learned by press time. John Kelly, the pension fund's investment analyst, and Elizabeth Fenn, research analyst at NEPC, could not be immediately reached for comment.