Holyoke (Mass.) Contributory Retirement System is considering allocating $20 million to a value add/opportunistic open-end and/or closed-end real estate fund, and $15 million to a small/middle-market buyout fund-of-funds.
Segal Marco Advisors, investment consultant to the $305 million defined benefit system, is assisting with the search.
The board is conducting the searches to meet the new asset allocation targets called for by Segal Marco, Cheryl A. Dugre, executive director of the plan, said. Funding will come from rebalancing.
The RFPs are on Segal Marco's website. Proposals are due 3 p.m. EST Jan. 8. The board will select finalists in February and make a final decision in March, Ms. Dugre said.
