Mass. Pension Seeks Private Equity Funds Of Funds

Sep 11 2007 | 1:43pm ET

The Essex (Mass.) Regional Retirement Board is seeking managers for an $8 million private equity fund of funds allocation.

In a request for proposals, the pension fund indicated that it is seeking managers who are registered with the Securities and Exchange Commission or are exempt from such registration, have five years’ experience and have managed funds in excess of $50 million.

According to Timothy Basset, chairman of the board, the search for p.e. funds of funds is part of the $300 million pension’s strategy to diversify its private equity portfolio. Essex currently has a 5% allocation to p.e. and currently employs three single-manager private equity firms.

The request for proposals, available on the Segal Advisors Web site, is due Oct. 1.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...