Boston Retirement seeks fund managers

The Massachusetts pension fund wants help with its investment needs.

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.

Platinum subscribers may click here for BCRS’ full profile, including key contacts, allocation strategy and fund investments.