Lexington (Mass.) Contributory Retirement System is looking for a senior direct lending manager to run about $10 million for the $198 million defined benefit plan.
Meketa Investment Group, the plan's investment consultant, is assisting with the search.
The board is looking for managers of diversified strategies that directly originates and invests in the senior secured debt — both first and second lien — of North American companies. Fund-of-funds, co-investment funds, secondary funds and sector-specific funds will not be considered.
The RFP is on Meketa's website. Proposals are due noon EDT on March 26. A selection date was not disclosed.
Marguerite Oliva, administrator of the plan, declined to comment. Steve MacLellan, Meketa vice president, could not be immediately reached for additional information.
