Massachusetts Water Resource Authority Employees’ Retirement System, Chelsea, is looking to commit between $12 million and $18 million to secondary private equity funds.
The $688 million pension fund issued an RFP to implement its private equity pacing plan for 2024, said Carolyn Russo, executive director.
The pension fund is seeking proposals from managers of closed-end secondary private equity funds only, and Russo said managers with which the pension fund has invested previously that have appropriate strategies are all invited to rebid.
As of Feb. 29, the actual allocation to private equity and debt was 13.6%; the total is 12%.
The RFP is available on the website of investment consultant NEPC, which is assisting with the search.
Proposals are due by 5 p.m. EDT on May 10. A timeline for a selection has yet to be determined.
