The Quincy (MA) Retirement System has advanced its private credit strategy, reviewing a recommended pacing model and interviewing finalists for its private credit manager search, according to a recent performance update by Meketa Investment Group.
Under the private credit pacing mode recommended by Meketal, Quincy would commit $6M to private credit in both 2024 and 2025, with plans to increase commitments to $7M annually thereafter. The retirement system recently adopted a 3% target allocation to private credit; however, this allocation remains unfunded as of August 31, pending final selection of a manager.
Quincy also interviewed four finalists at its October 23 board meeting: Entrust Global Partners, HarbourVest Partners, Neuberger Berman, and PennantPark. Dakota previously reported that five finalists had been selected, but CIFC informed the board that its LBC Credit Partners VI would close fundraising prior to the October board meeting and would therefore need to be excluded from consideration.
The selection process follows Meketa’s issuance of an RFP on June 6, with proposals due by June 21. The upcoming selection will mark Quincy’s initial step toward funding its private credit allocation.
For more public pension insights and a comprehensive library of public plan minutes, book a demo of Dakota Marketplace! 
