Boston Retirement System is looking to commit a total of up to $60 million to private debt managers.
The $6.7 billion pension fund is seeking managers offering closed-end asset-based lending, direct lending and niche lending funds with fundraising targets of at least $200 million, according to an RFP posted on the website of NEPC, the pension fund's investment consultant, which is assisting with the search.
As of Dec. 31, the pension fund's actual allocation to its private equity and debt asset class was 9.7%; the target is 11%.
The RFP is available on NEPC's website. Proposals are due at 2 p.m. EDT on May 2. A timeline for a selection was not provided.
John Kelly, the pension fund's investment analyst, could not be immediately reached for further information.