Norwood (Mass.) Contributory Retirement System is searching for managers of open-end core private market infrastructure strategies to run between $5 million and $10 million, said Debra A. Wilkes, executive director of the pension fund.
This would be a new allocation for the $143 million pension fund, Ms. Wilkes said.
Responding firms must have been in operation for at least five years and have managed one or more open-end global infrastructure strategies with total equity capital exceeding $2 billion as of June 30. Closed-end strategies, first-time funds, public equity and sector-specific strategies will not be considered.
Meketa Investment Group, investment consultant to the pension fund, assisted with the search. A copy of the RFP is available on Meketa’s website. Proposals are due by 3 p.m. EST on Jan. 6. A time frame for hiring decision has not yet been established.