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Public Notice
The Board Members of the Quincy Retirement System (hereinafter “Board”) are seeking proposals from managers of non-core real estate funds. Only equity strategies will be considered.
The Board intends to commit approximately $7 million. Only proposals for experienced managers of closed-end real estate equity funds will be considered. More specifically, the investment proposed should: 1) have a minimum target fund size of $350 million; 2) is well diversified by property type and geography, targeting more than 20 properties; 3) targets a value-add risk profile; 4) only invests in the United States. Secondary and fund-of-funds investments will not be considered. The objective of this Request for Proposal shall be to identify the manager whose expertise will best meet the Board’s goals and needs.
The selected manager(s) must have familiarity with, and agree to comply 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 PERAC Placement Agent Policy. Please see http://www.mass.gov/perac/ for details. All materials submitted in connection with this search may be subject to disclosure consistent with Massachusetts Public Record laws.
Please be advised that if you cannot commit to the mandatory contract terms enumerated in Exhibit A, then you should not respond to this RFP. These terms are not negotiable – they are statutory requirements. Please also be advised that in agreeing to be a fiduciary with respect to the funds you invest on the Board’s behalf, you must agree to the prudent person standard set forth in M.G.L. c. 32, §,23(3), not the Delaware Act standard.
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).
Due date deadline: May 29, 2024 at 12:00pm EST
Attachment 1Public Notice
The Board Members of the Plymouth County Retirement Association (hereinafter “Board”) are seeking proposals from managers of non-core real estate funds. Both equity and debt strategies will be considered.
The Board intends to commit approximately $10 – $20 million. Only proposals for experienced managers of closed-end real estate debt or equity funds will be considered. More specifically, the investment proposed should: 1) have a minimum target fund size of $350 million; 2) is well diversified by property type and geography, targeting more than 20 properties; 3) targets a value-add risk profile; 4) only invests in the United States. Secondary and fund-of-funds investments will not be considered. The objective of this Request for Proposal shall be to identify the manager whose expertise will best meet the Board’s goals and needs.
The selected manager(s) must have familiarity with, and agree to comply 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 PERAC Placement Agent Policy. Please see http://www.mass.gov/perac/ for details. All materials submitted in connection with this search may be subject to disclosure consistent with Massachusetts Public Record laws.
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).
Due date deadline: May 29, 2024 at 12:00pm EST
Attachment 1I. OVERVIEW
The Board of Trustees (“Board”) of the Park Employees’ and Retirement Board Employees’ Annuity and Benefit Fund of Chicago (the “Fund”) hereby issues a request for competitive proposals (“RFP”) from Investment Advisory firms interested in providing a Developed International equity strategy (the “Respondents”). The Fund seeks to invest in a commingled fund or similar pooled vehicle types. All forms needed for submitting a response to this RFP are available on the Fund’s website at https://www.chicagoparkpension.org/ and the consultant’s website at https://meketa.com/manager-center/request-for-proposal/.
Respondents to this RFP are responsible for monitoring the Fund’s website for information pertaining to the RFP, while the RFP is outstanding.
It is the public policy of the State of Illinois to encourage the Board to increase the racial, ethnic, and gender diversity of its fiduciaries to the greatest extent feasible within the bounds of financial and fiduciary prudence. In furtherance of this public policy and the requirements of the Illinois Pension Code, it is the Board’s goal to use its best efforts to increase the racial, ethnic, and gender diversity of its fiduciaries, including its external investment managers (4 ILCS 5/1-109.1). Consistent with that goal, the Board will actively consider emerging investment managers and investment managers that are minority-owned businesses, women-owned businesses and businesses owned by a person with a disability (“MWDBE”) that meet the required capabilities for this RFP. If a Respondent is an emerging investment manager or an MWDBE investment manager and meets the criteria in the RFP, then that Respondent shall receive an invitation by the Board to present as a finalist. If there are multiple emerging or MWDBE Respondents that meet the criteria set forth in the RFP, then the Board may choose the most qualified firm or firms to present.
II. RFP TIMELINE AND MANDATE SIZE
A. Date of Issue: May 13, 2024
B. RFP Submission Due Date: June 10, 2024 at 11:59pm EST
C. Mandate Size: Approximately $50 million
Please complete the RFP via DiligenceVault linked here: https://app.diligencevault.com/#/login?redirectId=F07F5395-A853-4EBE-A424-AAD83F19BB66
Please reach out to [email protected] with questions.
Thank you,
Meketa Investment Group