Plymouth County Narrows Down to Four Finalists in Non-Core RE Manager Search

The Plymouth County Retirement Association is interviewing four finalists for its $30M non-core real estate manager search.

In presentation materials from general consultant Meketa dated October 22, the Massachusetts county pension’s board voted to interview Berkshire Value Fund VI, Heitman Value Partners VI, Intercontinental US Value Fund, and PCCP Credit XI for the non-core mandate, with Meketa recommending a $30M allocation for the mandate based on its 2024 target allocation. Per Dakota data, the pension previously committed $9M to the Berkshire third generation value fund.

As of August 31, Plymouth County’s non-core real estate portfolio accounted for 3.9% of approximately $1.5B in total pension assets.