Massachusetts pension issues private debt RFP

The US public pension is seeking to invest up to $20 million globally.

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Institution: Massachusetts Water Resources Authority Employees’ Retirement System
Headquarters: Chelsea, United States
AUM: $565.55m
Allocation to alternatives: 15.24%
Bitesize: $5-10m

Massachusetts Water Resources Authority Employees’ Retirement System has issued an RFP for an inaugural private debt manager, according to a release on the pension’s website. The mandate in question will be up to $20 million.

The $565.55m pension fund is looking for new opportunities in private debt or private equity funds through growth equity/buyout, opportunistic credit and/or secondaries strategies.

As illustrated in the charts below, MWRA ERS has no dedicated allocation to private debt but has made four fund commitments to private debt funds in the last five years.

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