Oklahoma Tobacco Settlement Endowment Trust Fund, Oklahoma City, is searching for a real estate debt fund to which it will commit $30 million to $35 million.
The $1.3 billion endowment trust fund is seeking an open-end, private real estate debt fund after establishing a 2.5% target allocation to real estate debt, according to an RFP posted on the website of NEPC, the trust's investment consultant. The funding source was not provided.
The RFP is available on NEPC's website. Proposals are due at 4:30 p.m. PST on Feb. 5. A timeline for a decision was not provided.
NEPC is assisting with the search.
Lisa Murray, the trust's chief investment officer, could not be immediately reached to provide further information.