Plymouth County (Mass.) Retirement Association is looking to commit between $12 million and $18 million to a closed-end, non-core real estate fund and between $6 million and $10 million to a global or North America-focused, closed-end, non-core private infrastructure fund.
Meketa Investment Group, investment consultant to the $1 billion pension fund, is assisting with the searches.
For the real estate search, open-end, first-time funds and public equity strategies will not be considered. Also, secondary funds and funds of funds will not be considered.
For the infrastructure search, funds must have a target return of at least a 12% gross internal rate of return. Public equity, sector-specific strategies, Europe-only and funds of funds will not be considered.
The RFPs are available on Meketa's website. Proposals for both searches are due at noon EDT on July 17. Selection dates were not disclosed.
Peter Manning, director of investments at the pension fund, and Thomas Dunleavy, investment analyst at Meketa, could not be immediately reached for further information.