Plymouth County (Mass.) Retirement Association is looking to commit about $20 million to private credit.
The $1.4 billion pension fund is seeking proposals from managers of closed-end senior direct lending funds, according to an RFP posted on the website of investment consultant Meketa Investment Group, which is assisting with the search.
The RFP does not provide a reason for the search. According to the pension fund’s most recent investment report, as of April 30 the pension fund made two private credit commitments in 2016 and 2022 and both were allocated to the private equity asset class.
As of April 30, the actual allocation to private equity was 17.6%; the target is 13%.
The RFP is available on Meketa’s website. Proposals are due by noon EDT on June 21. A timeline for a selection was not provided.
Peter Manning, the pension fund’s director of investments, could not be immediately reached for further information.
