Cook County Employees' and Officers' Annuity and Benefit Fund is looking to commit a total of up to $260 million to private credit funds.
The $13.3 billion pension fund is seeking proposals from managers of both open-end and closed-end direct lending, specialty finance, asset-based lending (excluding real estate) and opportunistic/distressed credit strategies, according to an RFP on the pension fund’s website.
The pension fund has a 2% target allocation to private credit. Stephen Wolff, the pension fund’s director of investments, could not be immediately reached for further information.
The RFP is available on the pension fund’s website. Proposals are due by 4:30 p.m. CDT on Nov. 1. A selection will take place sometime in February.
Investment consultant Callan is assisting.
