Boston Retirement System is looking to commit a total of $400 million to private equity funds over the next five years.
The $6.5 billion pension fund is seeking proposals from private equity managers that focus on buyout, growth equity and venture capital strategies, as well as co-investments and funds of funds, according to a search notice posted on investment consultant NEPC's website.
The pension fund's existing private equity managers are invited to submit information, according to the notice. The pension fund plans to make $80 million in commitments per year over the next five years.
As of Aug. 31, the pension fund's actual allocation to private equity/debt was 11.2%; the target is 11%.
The notice is available on the website of NEPC, which is assisting with the search. Proposals are due at 2 p.m. EST on Nov. 14. Timelines for selections were not provided.
John Kelly, investment analyst, could not be immediately reached for further information.