The Oklahoma Tobacco Endowment Settlement Trust (“The Trust”) is seeking a US Direct Lending 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. Both separate accounts and commingled vehicles will be acceptable. 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, private market partnerships, and/or exchange traded funds. The Trust currently has US Direct Lending exposure. Approximately $50-$70 million will be awarded to one or more managers. Proposals are due by 4:30 pm pacific time on September 28th, 2020 .

Additional information is currently available to download from the NEPC website.