Institution: Massachusetts Water Resources Authority Employees’ Retirement System
Headquarters: Chelsea, United States
Allocation to alternatives: 15.24%
Massachusetts Water Resources Authority Employees’ Retirement System has issued an RFP for an inaugural secondaries manager, according to a release on the pension’s website. The mandate in question will be up to $20 million.
The $565.55m pension fund is looking for new opportunities in private debt or private equity funds through growth equity/buyout, opportunistic credit and/or secondaries strategies.
As illustrated in the charts below, MWRA ERS has no dedicated allocation to secondaries but has made four fund commitments to secondaries funds since 2010 combined constituting $12 million.
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