Lexington Retirement System seeks infra manager

The Massachusetts-based public pension is intending to expand its portfolio to include infrastructure.

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Institution: Lexington Retirement System
Headquarters: Lexington, United States
AUM: $157.9m
Allocation to alternatives: 9.90%
Bitesize: $5-10m

Lexington Retirement System has issued an RFP for an infrastructure manager offering a global, closed-end, diversified fund opportunity, according to the pension’s investment consultant Meketa Investment Group’s website.

Potential funds up for consideration must have raised between $1 billion and $5 billion in equity capital. Furthermore, prospective managers must have at least $100 billion in assets under management. The fund in question must also not be the maiden infrastructure fund raised by the manager.

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