Co-Investment Investment Manager Services

Overview

Financial, Legal, HR & Staffing

Westfield, Massachusetts, United StatesPosted about 1 month agoDeadline: April 21st, 2026

Fit Score

Settle Intelligence

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SUMMARY

Seeking an investment management firm to oversee equity co-investment strategies for a Massachusetts Retirement System portfolio.

KEY REQUIREMENTS

Must be a registered investment advisor with the SEC or registered with the Massachusetts Office of the Secretary of State
Must have at least five years of experience as an investment management organization
Must have at least five years of experience managing dedicated private equity funds similar to the proposed strategy
Must agree to act as a fiduciary as set forth in Section 23(3) of M.G.L. Chapter 32
Must comply with all applicable laws and PERAC regulations
Must submit required PERAC disclosures including Vendor Contact Form, Vendor Certification, Vendor Disclosures, and Placement Agent Statement
Must not require indemnification from the Retirement Board
Must provide a signed cover page valid for 180 days from submission

BUDGET

Verified

$15,000,000

CONTRACT DURATION

84 months

TIMELINE

Proposal deadline: April 21st, 2026

Opening of proposals: April 22nd, 2026

Manager selection: Within 180 days of the proposal deadline

Issuing Agency

Westfield Retirement Board

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DESCRIPTION

A government authority in Massachusetts is seeking qualified vendors to provide co-investment investment manager services. The selected vendor will support the management of equity co-investment strategies for the Retirement System’s million-dollar investment portfolio.

Interested firms should demonstrate experience in private equity investment management, specifically in handling equity co-investments for large institutional portfolios. The successful vendor will partner with the Retirement System to maximize returns and manage associated investment risks.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.