State-Boston Retirement System is searching for one or more private markets credit opportunities managers to run up to $30 million for the $4 billion defined benefit plan.
Investment consultant NEPC is assisting with the search.
Only closed-end private markets funds from managers that have raised at least $1 billion in similarly focused credit strategies will be considered.
Preference will be given to candidates that have raised at least one prior fund with a similar strategy and are raising at least $300 million in the proposed fund. The fund must have a final close no earlier than Feb. 28.
The RFP is available on NEPC’s website. Proposals are due at 4 p.m. EST on Jan. 19. A selection date could not be learned.
John Kelly, investment analyst for the pension plan, and Will Forde, an analyst at NEPC, could not be reached by press time for further information.