Quincy (Mass.) Contributory Retirement System is looking to commit a total of $5 million to $7 million to up to two private equity funds.
The $790 million pension fund is seeking proposals from managers of North American private equity funds, including buyout, growth equity and venture capital funds, according to an RFP posted on the website of investment consultant Meketa Investment Group, which is assisting with the search.
The pension fund will not consider private equity funds of funds or public equity strategies, according to the RFP.
As of Dec. 31, the pension fund's actual allocation to private equity was 16.6%; the target is 10%.
The RFP is posted on Meketa's website. Proposals are due at noon EDT on March 24. A timeline for a selection was not provided.
Brad Croall, board director, could not be immediately reached for further information.