Boston Retirement System is looking to allocate a total of $100 million to three real estate mandates: debt, value-added and opportunistic.
NEPC, investment consultant to the $5.1 billion pension plan, is assisting with the search.
All three strategies must be in closed-end, private commingled vehicles with at least $200 million and a final close of no earlier than Dec. 31. Managers must have raised at least two prior funds to be considered.
The debt and value-added funds must be U.S.-focused, while the opportunistic fund can be U.S. or global.
The RFP is available on NEPC's website. Proposals are due by 2 p.m. EDT on Oct 3. A selection date was not disclosed.
Investment analyst John Kelly could not be immediately reached to provide further information.
