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

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Maglan Capital: Some Lessons Learned From Puerto Rico

Jul 13 2017 | 8:00pm ET

Although Maglan Capital has not been invested in Puerto Rico for more than three...

 

From the current issue of