Marlborough Retirement System Private Equity Fund of Funds RFP Search

Public Notice

The Board Members of the Marlborough Retirement System (hereinafter “Board”) are seeking proposals from managers of fund of funds private equity strategies.

The Board intends to commit approximately $10-15 million to a diversified, North American focused private market equity fund of funds manager. Only proposals for experienced private equity fund of funds managers that meet the minimum criteria will be considered. Respondents must have been in operation for at least five years and have total equity capital invested exceeding $1 billion.   The objective of this Request for Proposal shall be to identify manager(s) whose expertise will best meet the Board’s goals and needs.  The Board reserves the right to reject any and all proposals at its discretion.

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).

To request a copy of the RFP: Please click the Attachment below.

Due date deadline:   July 22, 2024 at 12:00pm EST

Any questions pertaining to this Request for Proposal are to be e-mailed directly to Jessica Lau at [email protected] and Cristen Xhama at [email protected].

Attachment 1