Oklahoma endowment seeks direct lending manager

The investor plans to hire a firm for a European direct lending mandate of $20m-$30m.  

The Oklahoma Tobacco Settlement Endowment Trust Fund has launched a search for a direct lending manager to handle a $20 million-$30 million European mandate

Consulting firm NEPC is advising on the search, which is posted on its website.

The request for proposals calls for the manager to have broad expertise in European direct lending and minimum assets under management in the strategy of $750 million.

The $956 million Oklahoma endowment is also requesting that the manager have at least two other US tax-exempt public pension funds as clients, with a minimum track record of five years.

Submissions should be sent to Anthony Ferrara, senior analyst at NEPC, and Lisa Murray, the chief investment officer at the endowment, by 4:30pm Pacific time on 12 May.

The endowment’s board, NEPC and the state treasurer plan to conduct interviews on 8 June. A final manager selection will be made on that day or shortly afterwards.