The Boston Retirement System has selected two firms for the private debt search that was issued in April.
$20 million will be allocated to both HarbourVest Credit Opportunities III and 400 Capital Asset Based Term Fund III.
The $6 billion Retirement System’s consultant, NEPC, assisted with the search. Staff plans to revisit the responses from direct lending strategies later in the year.
As of June 30, 2022, the pension has an actual and target allocation to or Private Equity & Debt of 11.7% and 11% respectively.
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