Boston Retirement System is looking to allocate $140 million to closed-end real estate funds and $60 million to closed-end private debt funds.
NEPC, investment consultant to the $6 billion pension fund, is assisting with the searches.
The board is looking to commit to both value-added and opportunistic real estate funds. Within the private debt fund search, the board will target funds focused on direct lending, venture capital lending, niche lending, opportunistic credit and distressed debt.
The RFPs are on NEPC's website. Proposals for the real estate fund search are due at 2 p.m. EST March 12; proposals for the private debt search are due at 2 p.m. EDT March 15. Selection dates were not disclosed.
John Kelly, investment analyst for the pension fund, and Kiley Fischer, NEPC investment consultant, were not immediately available to provide additional information.