BCRS issues private debt RFP

The US public pension is seeking to invest up to $25m.

Institution: Bristol County Retirement System
Headquarters: Taunton, United States
AUM: $713 million
Allocation to alternatives: 23%

Bristol County Retirement System has issued an RFP for an inaugural private credit manager, according to a release on the pension’s website.

BCRS is intending to commit to a mandate of approximately $25 million, with the investment overseen by the Public Employee Retirement Administration Commission, the organisation which oversees BCRS.

The $713 million US public pension fund is seeking opportunistic debt strategies, per its RFP, with the submission deadline for potential managers set as 14 October 2020.

As illustrated below, BCRS currently allocates 23 percent of its investment portfolio to alternative assets.

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