Plymouth County (Mass.) Retirement Association is looking to commit a total of at least $10 million to one or two infrastructure funds.
The $1.3 billion pension fund is seeking proposals from infrastructure managers that offer open-end or closed-end large-cap commingled funds, according to an RFP posted on the website of investment consultant Meketa Investment Group, which is assisting with the search.
The RFP said that the pension fund will not consider public equity or sector-specific funds or funds of funds. The reason for the search was not provided.
As of April 30, the pension fund's actual allocation to real assets was 9.2%; the target is 6%.
The RFP is available on Meketa Investment Group's website. Proposals are due at noon EDT on Aug. 2. A timeline for a selection was not provided.
Peter Manning, the pension fund's director of investments, could not be immediately reached for further information.