About this opportunity
AI summaryThe Quincy Retirement Board seeks proposals from experienced managers of closed-end non-core real estate debt or equity funds to commit approximately $18 million in total. Proposed investments must have a minimum target fund size of $350 million, target a value-add risk profile, invest only in the United States, and be diversified across more than 20 properties, excluding secondary and fund-of-funds investments. Eligible managers must agree to comply with Massachusetts General Laws Chapter 32 and Chapter 176, PERAC regulations, and the PERAC Placement Agent Policy. Applicants must submit their proposals online via the Dasseti link or email by November 18, 2026, at 12:00pm EST. The board will evaluate proposals to identify the manager whose expertise best meets its goals and needs, subject to Board and PERAC approval.
Buyer and opportunity details
- Client
- Quincy Retirement System
Scope of work
- Closed-end real estate debt or equity fund management
- Management of non-core real estate funds targeting a value-add risk profile
- Portfolio investments diversified across more than 20 properties
- Investments diversified by property type and geography exclusively within the United States
Minimum qualifications
- Experienced managers of closed-end real estate debt or equity funds
- Proposed investment must have a minimum target fund size of $350 million
- Proposed investment must be well diversified by property type and geography, targeting more than 20 properties
- Proposed investment must target a value-add risk profile
- Proposed fund must only invest in the United States
- Must have familiarity with and agree to comply with Massachusetts General Laws, Chapter 32 and Chapter 176
- Must comply with regulations of the Massachusetts Division of Public Employee Retirement Administration Commission (840 CMR)
- Must comply with the PERAC Placement Agent Policy
Key dates
- Date published
- November 2, 2026
- Due date deadline
- November 18, 2026, at 12:00pm EST
How to submit
- Method
- Electronic via online link
- Instructions
- Submitted via Dasseti Link at https://app.dasseti.com/public-invite/questionnaire/rIPH3U56..Os971J3DUPc0zkFr3vxITjC6w5tHP_S7FVH0AI8Pg8Qx01564y7dEI
Contract details
- Estimated value
- approximately $18 million in total
- Place of performance
- United States