Philadelphia Board of Pensions and Retirement is searching for at least one publicly traded active infrastructure investment manager to run an as-yet-undetermined amount for the $4.3 billion pension fund. There is not an existing allocation to infrastructure, said Christopher R. DiFusco, chief investment officer for the pension fund. Further information on the search could not be learned by press time.
A funding source for the allocation has yet to be determined. The RFP is available on the city's procurement website.
Proposals are due by 5 p.m. EDT on April 7. A selection is expected to be made in the spring or early summer, said Mr. DiFusco.