Secondaries Strategies Private Equity Investment Manager Services

The Somerville Retirement System in Massachusetts is seeking private equity investment managers of secondaries strategies to manage a portion of the retirement system's multi-million dollar investment portfolio. The agency requires services from general partners, investment managers, and sponsors of hedge funds, private equity funds, real estate funds, infrastructure funds, or any entity to which a retirement board delegates discretionary investment authority. The selected manager must provide a statement disclosing whether the manager or any principal, employee, agent, or affiliate has compensated or agreed to compensate any person or entity to act as a placement agent in connection with the investment. The agency also requires a detailed resume for each placement agent, outlining the individual's education, professional designations, regulatory licenses, and relevant investment and work experience. The agency is limiting eligibility to onshore organizations based in the United States. The selected manager will perform all contract work offsite. The agency is establishing a contract period of one year. The agency is currently looking for proposals and has not disclosed a specific budget. The source document does not specify evaluation criteria or key dates for this opportunity.