Boston Retirement System is looking to commit a total of $20 million to venture debt funds.
The $6.3 billion pension fund is seeking proposals from managers of private venture debt funds with a preference for those that plan to raise $150 million or more, according to an RFP posted on the website of investment consultant NEPC, which is assisting with the search.
The RFP does not disclose the reason for the search.
As of April 30, the pension fund's actual allocation to private equity and debt was 11.2%; the target is 11%.
The RFP is available on NEPC's website. Proposals are due at 3 p.m. EDT on Aug. 8. A timeline for a selection was not provided.
John Kelly, the pension fund's investment analyst, could not be immediately reached for further information.