Boston Retirement System agreed to commit $20 million to the Bain Capital Distressed and Special Situations 2019 Fund, investment analyst John F. Kelly confirmed in an email.
NEPC, investment consultant to the $5.2 billion pension plan, assisted in the search.
The board voted on the commitment at its May 20 meeting.
As of Nov. 30, the actual allocation to the private equity and debt asset class was 6.9%; the target is 11%.
The commitment is subject to regulatory approval and the contract process.