Bethlehem (Pa.) Aggregated Pension Plan is searching for a private equity manager to run about $10 million in a middle-market buyout co-investment strategy.
Morrison Fiduciary Advisors, investment consultant for the $149 million pension fund, is assisting with the search.
Hedge funds, infrastructure funds, private real estate or real assets funds will not be considered.
This will be a new manager for the fund; no manager is being replaced, said Robert Bulas, senior consulting analyst at Morrison Fiduciary Advisors, in an email. Funding will come from general rebalancing.
The RFP is available on Morrison's website. Proposals are due by 2 p.m. EST on Dec. 13. A selection is expected to be made in mid-January.
