Massachusetts pension fund looks to make first infrastructure investment
The $575 million Bristol County (Mass.) Retirement System has issued an RFP for a core, open-end infrastructure fund. Investment consultant Segal RogersCasey is assisting in the search.
The investment, which will be for up to $20 million, will be Bristol County’s first ever infrastructure investment, confirms Roxanne Donovan, executive director with the retirement system. Both domestic and international funds will be considered.
All proposals must be received by Feb. 13, 2015.
The retirement system has a target allocation to infrastructure of 5 percent of its assets. Though the actual allocation to the sector is currently 0 percent, it will be approximately 3.5 percent after this investment.