Massachusetts pension searches for value-added fund managers

The $182 million Watertown (Mass.) Contributory Retirement System is seeking proposals from qualified investment managers specializing in value-added real estate investment funds; however, open-end and closed-end funds will be considered.

The pension plan is considering making a commitment of up to $3 million to the mandate and may select more than one manager. It will consider either private equity real estate investment funds that make direct investments or a fund of funds.

Proposal are due Friday, Jan. 19, 2018. The full RFP can be found here.