The Board Members of the Massachusetts Housing Finance Agency (hereinafter “Board”) are seeking proposals from managers of open-end core private market infrastructure strategies. More specifically, the Retirement Board seeks a demonstrated ability to manage a diversified strategy that invests in private market global infrastructure investments.
The Board intends to commit approximately $5 to $7 million. Only proposals for experienced managers of open-end core private market infrastructure portfolios will be considered. Responding firms must have been in operation for at least five years and have managed one or more open-end global infrastructure strategies with total equity capital exceeding $2 billion as of 6/30/16. Closed-end strategies, first-time funds, public equity, and sector specific strategies will not be considered. The objective of this Request for Proposal shall be to identify that manager whose expertise will best meet the Board's goals and needs.
The funds shall be managed in compliance with Massachusetts General Laws, Chapter 32 and Chapter 176, the regulations of the Massachusetts Division of Public Employee Retirement Administration Commission, 840 CMR, and the Placement Agent Policy (available from http://www.mass.gov/perac/docs/forms-pub/memos/2011/perac-placement-agents-policy.pdf).
All bidders are hereby advised that any proposal selected shall be subject to (1) approval of the Board, (2) a written contract and (3) approval of the engagement by the Massachusetts Public Employee Retirement Administration Commission (PERAC).
To request a copy of the RFP:
Please visit Meketa Investment Group’s Investment Manager Center at:http://www.meketagroup.com/investment-manager-rfps-searches.asp
Bid deadline: January 6, 2017 @ 3:00pm EST