FUNDRAISING NEWS | September 27, 2024
The Quincy Retirement System made a $10M commitment in real estate and selected five finalists in its private credit search at its August board meeting, according to recently published minutes.
The Quincy, MA-based pension selected Neuberger Berman, Harbourvest, CIFC Asset Management, Entrust, and Pennant Park as finalists in the search, on which consultant Meketa has assisted.
In non-core real estate, the board heard presentations from finalists from that search, ultimately choosing to retain its existing position with JP Morgan while putting in for a redemption request and allocating $10M to TA Realty.
The board said it expected to make final decisions on non-core real estate and hear from private credit finalists at its September 25 meeting. According to Dakota data, Quincy Retirement manages approximately $833M in assets.
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