Lexington (Mass.) Contributory Retirement System made two new direct lending commitments totaling $10 million.
The $198 million pension fund's board approved committing $5 million each to funds managed by Golub Capital and Monroe Capital at its June 24 meeting, recently released meeting minutes show. The minutes did not provide fund names.
The pension fund had issued an RFP in March for "managers of diversified strategies that directly originates and invests in the senior secured debt," the RFP said at the time.
Investment consultant Meketa Investment Group assisted.
Marguerite Oliva, administrator, could not be immediately reached for further information.
