When is the submission deadline?

Submissions are due June 16, 2026.

What is the budget for this RFP?

The published budget is $15,000,000.

It was issued by Westfield Retirement Board. The work is located in Westfield, Massachusetts, United States; Windsor, Connecticut, United States.

Who is a good fit for this opportunity?

Expertise in managing secondaries strategies for private equity. Licensed and experienced with public pension systems. Ability to provide full disclosure of placement agent relationships. Strong track record with retirement system portfolios. Experience serving governmental or institutional clients.

Secondaries Strategies Private Equity Investment Manager Services (Due June 16, 2026)

Overview

Financial, Legal, HR & Staffing

Westfield, Massachusetts, United States; Windsor, Connecticut, United StatesPosted: May 29th, 2026Deadline: June 16th, 2026

Fit Score

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SUMMARY

Seeking private equity investment managers specializing in secondaries strategies to oversee a portion of Somerville's retirement system portfolio for a one-year contract.

KEY REQUIREMENTS

Must be a qualified private equity investment manager of secondaries strategies
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 in managing dedicated private equity funds similar to the proposed strategy
Must agree to comply with all applicable Massachusetts General Laws and PERAC regulations
Must act as a fiduciary with respect to the funds invested
Must submit required PERAC disclosures including Vendor Contact Form, Vendor Certification, Vendor Disclosures, and Placement Agent Statement
Must provide a signed cover page and investment manager questionnaire
Must provide a copy of Form ADV
Must agree to mandatory contractual terms including a 30-day termination clause and no indemnification by the Board

BUDGET

Verified

$15,000,000

CONTRACT DURATION

84 months

TIMELINE

Proposal deadline: June 16th, 2026

Opening of proposals: June 17th, 2026

Manager selection: Within 180 days of the proposal deadline

Issuing Agency

Westfield Retirement Board

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DESCRIPTION

The government authority in Somerville, Massachusetts seeks a qualified provider to deliver secondaries strategies private equity investment manager services for a large retirement system investment portfolio. The selected firm will serve as a private equity investment manager of secondaries strategies, managing segments of the portfolio that may include general partners, investment managers, or sponsors of hedge funds, private equity funds, real estate funds, infrastructure funds, and similar vehicles where discretionary investment authority is delegated by the retirement board.

Applicants must disclose whether the manager or any associated principal, employee, agent, or affiliate has compensated or agreed to compensate any person or entity, directly or indirectly, to act as a placement agent regarding investments by public pension systems. A detailed resume is also required for each placement agent, outlining their education, professional designations, relevant regulatory licenses, and investment and work experience.

The contract period for the selected investment manager or managers will be for one year.

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Frequently asked questions

When is the submission deadline?: Submissions are due June 16, 2026.
What is the budget for this RFP?: The published budget is $15,000,000.
Who issued this RFP?: It was issued by Westfield Retirement Board. The work is located in Westfield, Massachusetts, United States; Windsor, Connecticut, United States.
Who is a good fit for this opportunity?: Expertise in managing secondaries strategies for private equity
Licensed and experienced with public pension systems
Ability to provide full disclosure of placement agent relationships
Strong track record with retirement system portfolios
Experience serving governmental or institutional clients

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