Washington (Pa.) City Combined Pension Fund is searching for a middle-market private debt fund to which it will commit $2.5 million, said Robert J. Bulas, senior vice president, institutional investment consultant at Morrison Fiduciary Advisors, the pension fund's investment consultant.
The $42 million pension fund issued an RFP for its first private debt manager, a new allocation that will be funded from rebalancing, Mr. Bulas said. No managers will be terminated.
The RFP is available on Morrison's website. Proposals are due by 2 p.m. EDT on Oct. 27. A decision is expected during the week of Nov. 28.
Susan Koehler, the city's pension coordinator, did not return a phone call by press time.
