Boston pension fund searches for real estate manager
The $4.1 billion State-Boston Retirement System is searching for a real estate manager to run approximately $30 million. The pension fund is only considering candidates raising a closed-end fund with a minimum fund size of $200 million. The pension fund would also like the fund to focus on opportunistic or value-add strategies, but has no preference on investment regions. Investment consultant NEPC is assisting in the search, and an RFP can be found on NEPC’s website.