New Orleans City Employees' Retirement System is searching for a middle-market private debt manager and a non-core private real estate manager, confirmed Jesse Evans Jr., director of the $365 million fund.
The manager of middle-market private debt, a new allocation for the pension fund, will run $18 million and the non-core private real estate manager, $13.5 million. Funding sources have yet to be determined.
Proposals are due on Jan. 17. A timetable for a decision has yet to be determined.
RFPs will be posted shortly on NOMERS' website, Mr. Evans wrote in an e-mail.
Investment consultant The Bogdahn Group is assisting.
