Boston City Retirement System has issued a request for proposal in search of a manager to help invest $40 million across private market strategies. The pension fund wants to hire a firm to help it with its mandate, which includes mezzanine, distressed debt, venture debt, and special situation/turnaround strategies.
Interested managers must be raising a closed-end private markets fund with a final closing date no earlier than 1 March, 2017. The pension fund will give preference to firms which have raised at least two funds and will be seeking at least $250 million in their current fund.
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