Massachusetts pension begins key alts search

The $650 million Massachusetts Water Resource Authority Employees’ Retirement System issued an RFP for a value-add real estate mandate.
Officials are seeking a private closed-end value-add real estate fund and anticipate committing approximately $20 million.
The final close date for any proposed fund must be no later than May 31, 2022. MWRA said in the RFP announcement that to be preferred a proposed fund must be raising at least $200 million, however, lower amounts may be considered at the board of trustees’ discretion.
Proposals are due back on Jan. 17 . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Annual subscriptions get you the most bang for your buck, including access to Alternatives Watch Research articles and out Annual Investor Compendium.
Monthly subscriptions and discounted corporate plans for up to 100 members also available.