Mass. Pension Funds Seek Cleantech, Private Equity Managers

May 23 2008 | 2:00am ET

Three Massachusetts public pension systems are looking to boost their commodities and private equity portfolios and have issued requests for proposals for private equity and cleantech managers.

The $105 million Woburn Retirement Board and the $170 million Haverhill Retirement Board are seeking proposals from diversified commodity and cleantech managers for mandates of approximately $5 million and $8.5 million, respectively. Proposed strategies may either be active or passive, and should provide diversification into commodities, energy efficiency, climate change and/or other investment vehicles that can provide protection in an inflationary environment.

Proposals are due June 9.

On the p.e. front, the Plymouth County Retirement Association is seeking distressed p.e. managers for a mandate of between $5 million to $10 million of the system’s $695 million portfolio. There is no deadline for submissions.

All three searches can be accessed on the Wainwright Investment Counsel Web site.


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