Westfield Retirement Board seeks private equity fund managers

The US public pension issues an RFP for PE opportunities.

Institution: Westfield Retirement Board
Headquarters: Westfield, United States
AUM: $234.0m
Allocation to alternatives: 18.4%
Bitesize: $15-20m

The Westfield Retirement Board has issued a request for proposal for private equity managers focused on diversified fund of funds, co-investment, and secondaries opportunities.

The retirement board plans to make commitments of $15-20 million and may commit to more than one manager and / or fund. Eligible managers should have at least five years of private equity experience.

The submission deadline is 31 December 2019 with a decision put forth to the investment committee in early 2020.

As illustrated below, the pension fund has previously committed to fund of funds / co-investment opportunities across diversified sectors.

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