Worcester (Mass.) Retirement System is looking to commit a total of up to $20 million to infrastructure funds.
The $1.2 billion pension fund is seeking proposals from managers of open-end and closed-end large-cap private infrastructure funds, according to an RFP posted on the website of investment consultant Meketa Investment Group, which is assisting with the search.
Public equity, sector-specific strategies and funds of funds will not be considered, according to the RFP. The RFP does not disclose the reason for the search.
As of Sept. 30, the pension fund's actual allocation to infrastructure was 6.9%; the target is 5%.
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.
Lisa Poske, the pension fund's executive secretary, could not be immediately reached for further information.
