Secondaries Investment Manager Services

The Somerville Retirement Board in Somerville, Massachusetts is seeking private equity investment managers of secondaries strategies for the retirement system's multi-million dollar investment portfolio. The scope of services covers general partners, investment managers, and sponsors of hedge funds, private equity funds, real estate funds, infrastructure funds, and any entity to which the retirement board delegates discretionary investment authority. The selected manager will perform all work offsite under a contract period of one year. Bidders must provide a statement disclosing whether the manager or any principal, employee, agent, or affiliate has compensated or agreed to compensate, directly or indirectly, any person or entity to act as a placement agent in connection with investment by the public pension systems. The agency also requires a resume for each placement agent detailing the individual's education, professional designations, regulatory licenses, and investment and work experience. Eligibility is strictly limited to onshore, United States organizations. The agency is currently looking for proposals to determine the budget for these services. The source document does not specify further evaluation criteria or key dates for this opportunity.