Boston Retirement System is looking to commit a total of up to $60 million to direct lending and/or opportunistic credit funds.
The $6.7 billion is seeking proposals from managers of closed-end direct lending and/or opportunistic credit funds raising at least $200 million, according to a search notice posted on the website of investment consultant NEPC, which is assisting with the search.
The notice did not provide a reason for the search. John Kelly, investment analyst, could not be immediately reached for further information.
As of Sept. 30, the pension fund's actual allocation to private equity and debt was 11.6%; the target is 11%.
Search information is available on NEPC's website. Proposals are due by 5 p.m. EST on March 7. A timeline for selections was not provided.
