State-Boston Retirement System is searching for a mezzanine debt manager to run up to $10 million, according to an RFP posted on the website of NEPC, the $3 billion pension fund's investment consultant.
Interested firms must be raising a closed-end private markets fund with the majority of investments in North America. The retirement system is seeking managers that invest in middle-market companies that have up to $150 million of EBITDA.
Firms must have raised at least two prior mezzanine funds and raising at least $250 million for the current fund, according to the RFP. Only mezzanine/credit private market funds will be considered.
The RFP is available on NEPC's website. Proposals are due at 4 p.m. EDT June 27. A hiring date was not specified in the RFP.
Daniel Greene, executive director of the retirement system, and Kristin Reynolds, partner and senior consultant at NEPC, did not return telephone calls by press time for additional information.