Newport, R.I., is searching for a private equity fund-of-funds manager and a core-plus/value-added real estate manager to each run a total of $7 million for its pension fund.
Dahab Associates, investment consultant for the city’s $150 million pension fund, is assisting with the searches.
This real estate manager search is open to both open-end and closed-end funds. Funds of funds that focus on only venture capital are not eligible for the fund-of-funds search.
The RFPs are available on Dahab’s website. Proposals for the fund-of-funds manager are due March 26; real estate proposals are due March 27. Both are due at 5 p.m. EDT. Hiring dates have not yet been determined.
Further information could not be learned by press time. Neither William Dahab, principal and director of research at Dahab Associates, nor Raphe Sciola, administrative assistant to the mayor, could be reached for comment.