Quincy Retirement seeks PE fund managers

The Massachusetts pension wants assistance with its investment needs.

Quincy Retirement System is seeking proposals from managers of a direct middle market buyout private equity strategy. The board intends to commit approximately $5 million to a closed ended investment fund. Only proposals from experienced managers of buyout private equity funds will be considered, excluding funds of funds, sector-focused, co-investments, and secondaries funds.

The $26 million US public pension has a 10 percent target allocation that currently stands at 7.4 percent.

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