Massachusetts Housing Finance Agency Retirement System is looking to commit between $15 and $20 million to an open-end global large-cap infrastructure fund.
The $230 million pension fund is seeking proposals from managers of open-end private global diversified infrastructure funds with a focus on the large-cap market segment, according to an RFP on the website of investment consultant Meketa Investment Group, which is assisting with the search.
As of June 30, the pension fund had $18 million invested with IFM Global Infrastructure Fund, an open-end fund managed by IFM Investors. It is the sole infrastructure manager. As of that date, the total actual allocation to infrastructure was 7.9%; the target is 8%.
The RFP does not disclose whether the IFM portfolio is the one being put up for bid.
The RFP is available on Meketa's website. Proposals are due at noon EDT on Oct. 2. A timeline for a selection was not provided.
Joseph M. Petty, executive secretary, could not be immediately reached for further information.
