Investment Management Firms to Manage A Real Estate Mandate Services

The Boston Retirement System is seeking qualified investment management firms to manage a real estate mandate for its eight point seven billion dollar defined benefit pension fund. This search focuses exclusively on real estate debt and opportunistic funds, with the Board planning to commit approximately fifty million dollars in total to these strategies. The proposed fund strategy must fall strictly within real estate debt or opportunistic real estate. The agency prefers candidates that have raised at least one prior fund for the proposed strategy, though the Board retains ultimate discretion over this preference. Eligible organizations must be based onshore within the United States. The selected investment managers will perform all work offsite at their own office locations. The agency is currently looking for proposals to determine the budget and fee structures for these services. The source document does not specify key dates or deadlines for this procurement. Evaluation of candidates will rely on the firm's strategy alignment and their track record with prior funds.