Plymouth County Retirement Association – Private Equity RFP

July 2022

The Board Members of the Plymouth County Retirement Association (hereinafter “Board”) are seeking proposals from managers of direct private equity strategies.  More specifically, the Retirement Board seeks a demonstrated ability to manage a buyout strategy that invests in the equity of North American small and middle market companies.

The Board intends to commit approximately $10-13 million each, to one to three North American small and middle market buyout private market equity managers.  Only proposals from experienced managers of North American direct small and middle market buyout private equity strategies will be considered.  First time fund, fund of funds, and public equity strategies will not be considered. 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).

Due date deadline: August 16, 2022 at 12:00pm EST