Massachusetts Pension Reserves Investment Management Board, Boston, approved the issuance of two RFPs: one seeking an asset allocation and/or benchmarking consultant, and another looking for a public markets consultant, documents from the $74.8 billion pension fund show.
These searches are being initiated because the contracts for the incumbent consultants are set to expire later this year. NEPC is the current asset allocation consultant, while Callan advises MassPRIM on public markets.
In addition, the board intends to allocate $1.6 billion to private real estate in 2020, and to allocate $1.7 billion to $2.3 billion to private equity funds, the documents show.
MassPRIM currently has an allocation of 11.3% to private equity and 9.4% to real estate.
Spokesman Cosmo Macero could not be immediately reached for additional information.