Boston Retirement Reviews Finalists for Private Debt Search

The Boston Retirement System has reviewed four finalists for the private debt search that was issued in April.

The four candidates reviewed at the July 20 meeting include the 400 Capital Asset Based Term Fund III, Callodine Asset Based Loan Fund II, AlbaCore Partners III, and HarbourVeset Credit Opportunities Fund III.

According to meeting materials from the meeting, the search received 50 responses in total across various debt strategies including opportunistic, niche, asset based, and direct lending. Staff plans to revisit the direct lending respondents later in the year.

The Retirement System’s consultant, NEPC, is assisting with the search.

As of June 30, 2022, the $6 billion Retirement System has an actual and target allocation to Private Equity & Debt of 11.7% and 11% respectively.

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