Taunton (Mass.) Contributory Retirement System is looking to commit between $3 million and $5 million to private credit funds.
The $390 million pension fund issued an RFP to get a "broader understanding of the landscape" of private credit managers, said Kevin Condy, director of research at investment consultant Dahab Associates, in an email.
As of March 31, the pension fund's actual allocation to alternative assets was 2.1%; the target is 5%.
The RFP is available on the website of Dahab Associates, which is assisting with the search. Proposals are due at noon EDT on Sept. 15. A timeline for a selection has yet to be determined.