Norwood (Mass.) Contributory Retirement System is searching for a private equity fund-of-funds manager to run $10 million to $15 million, said an RFP posted on the website of Meketa Investment Group, the $164 million pension fund's investment consultant.
The pension fund intends to make a commitment to a manager with at least $1 billion in assets under management and at least five years of experience running a fund of funds.
As of Dec. 31, the pension fund's actual allocation to private equity was 2.3%.
The RFP is available on Meketa Investment Group's website. Proposals are due at 3 p.m. EDT on Sept. 12. A timeline for a decision was not provided.
Debra A. Wilkes, executive director, could not be immediately reached to provide further information.