Weymouth (Mass.) Retirement System is looking to allocate between $10 million and $15 million to a private equity fund of funds.
Fiduciary Investment Advisors, investment consultant to the $215 million defined benefit plan, is assisting with the search.
Traditional small- to middle-market buyout strategies, co-investment and secondary funds will be considered. Distressed debt strategies and venture capital-only funds will not be considered.
The search is being conducted to stay in compliance with the plan's asset allocation, said Edward J. Masterson, retirement system director. Funding will come from cash.
The RFP is available on FIA's website. Proposals are due at 4 p.m. EDT on May 18. A time frame for selection is uncertain due to the COVID-19 pandemic, Mr. Masterson said.