New Orleans City Employees’ Retirement System named six finalists in its search to commit $18 million to a middle-market private debt fund, confirmed Jesse Evans Jr., director of the $365 million pension fund.
The pension fund issued an RFP in December. It is a new allocation and a funding source has yet to be determined.
The finalists are Arrowhead Mezzanine Fund III; Congruent Credit Opportunities Fund III, managed by Congruent Investment Partners; Crescent Direct Lending, managed by Crescent Capital Group; Cyprium Investors IV, managed by Cyprium Partners; Harbert Mezzanine Fund III, managed by Harbert Management; and LBC Credit Partners III.
Board members will hear presentations at their March 19 meeting.
Investment consultant The Bogdahn Group is assisting.