Worcester Retirement looking to invest $15 million in real estate fund

Worcester (Mass.) Retirement System is searching for a closed-end non-core real estate fund to which it plans to commit about $15 million.

The $977 million pension fund has issued an RFP and will only consider closed-end, non-core funds, according to an RFP posted on the website of Meketa Investment Group, the pension fund’s consultant, which is assisting.

As of Feb. 29, the pension fund’s actual allocation to real estate was 7.6%.

Proposals are due at 3 p.m. EDT on Aug. 13. A timeline for a decision was not provided.

Lisa Poske, executive secretary, could not be immediately reached for further information.

Source: https://www.pionline.com/searches-and-hires/worcester-retirement-looking-invest-15-million-real-estate-fund