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Massachusetts pension issues private equity RFP

The US public pension is seeking to invest up to $20 million globally.

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Institution: Massachusetts Water Resources Authority Employees’ Retirement System
Headquarters: Chelsea, United States
AUM: $565.55m
Allocation to alternatives: 15.24%
Bitesize: $5-10m

Massachusetts Water Resources Authority Employees’ Retirement System has issued an RFP for an inaugural private equity manager, according to a release on the pension’s website. The mandate in question will be up to $20 million.

The $565.55m pension fund is looking for new opportunities in private equity or private debt funds through growth equity/buyout, opportunistic credit and/or secondaries strategies.

As illustrated in the charts below, the pension fund has a current allocation of 7.58 percent to private equity and has made two fund commitments to private equity funds with a 2018 vintage.

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