Real Estate Debt (Private, Open-End) Mandate
The Oklahoma Tobacco Endowment Settlement Trust (“The Trust”) is seeking a Real Estate Debt (Private, Open-End) manager that will outperform both a relevant benchmark and a peer group of comparable funds. The benchmark will be jointly agreed to by the manager and the fund. The Board of Investors realizes it cannot dictate specific guidelines to commingled vehicles, including mutual funds and exchange traded funds. Therefore all investment managers are prohibited from purchasing securities directly issued by a tobacco company. This restriction does not apply to the underlying holdings of commingled funds, mutual funds, and/or exchange traded funds. The Trust currently has no exposure to Real Estate Debt strategies. Approximately $30-$35 million will be awarded to one manager. Proposals are due by 4:30 pm pacific time on February 5, 2020.
Additional information is currently available to download from the NEPC website.