Plymouth County (Mass.) Retirement Association reissued an RFP seeking North American small- and middle-market buyout private equity managers to run about $12 million on behalf of the $1 billion pension plan.
The original RFP was released in September.
Only proposals from experienced managers of North American direct small- and middle-market buyout private equity strategies will be considered. First-time funds, funds of funds, and public equity strategies will not be considered.
Meketa Investment Group, investment consultant to the pension plan, is assisting with the search. The pension plan's current allocation to private equity as of June 30 was 4%; its target is 13%, according to documents on the plan's website.
The RFP is available on Meketa's website. Proposals are due at noon EDT May 13. A selection date was not disclosed.
Peter Manning, director of investments at the pension fund, and Colleen Smiley, principal at Meketa, could not be immediately reached for further comment.