Wednesday, 24 August 2016
Last updated 9 hours ago
Apr 18 2007 | 10:36am ET
The Massachusetts Water Resources Authority Retirement System has issued a request for proposals from private equity firms to manage a venture capital mandate for the system's $228 million, defined-benefit pension fund.
The system may place up to $3 million with the new manager, and candidates must have familiarity with, and agree to comply with, Massachusetts law and investment guidelines set by PERAC.
The requirements for the RFP include minimum assets under management as of $200 million, a track record of managing at least one prior venture capital fund and an anticipated fund size at closing of at least $75 million.
Firms interested should contact MWRA’s document distribution office at (617) 788-2575. The deadline for the search is April 27 at 4:00 p.m. EST.