Oklahoma Tobacco Settlement Endowment Trust, Oklahoma City, is searching for a European direct lending manager to manage between $20 million and $30 million, said an RFP posted on investment consultant NEPC's website.
In February, the board raised its private debt target 2 percentage points to 10% of the overall portfolio, Lisa Murray, chief investment officer at the Oklahoma state treasurer's office, which oversees the $956 million trust, previously told Pensions & Investments. The trust does not currently have any European direct lending managers. Its current private debt allocation is 8%.
The RFP is available on NEPC's website. Proposals are due by 4:30 p.m. PDT on May 12. Finalist interviews are tentatively scheduled for June 8, with a potential hiring decision the same day.