Boston Retirement System committed $15 million to Crescent European Specialty Lending Fund II, a western Europe-focused private debt fund managed by Crescent Capital Group, confirmed John Kelly, investment analyst for the $5.3 billion pension fund, in an email.
An RFP was issued in October. NEPC, the plan's investment consultant, assisted with the search.
Arcmont Asset Management and EnTrust Global were the other finalists.
The commitment was made at the pension fund's Jan. 16 board meeting.