The government authority in Massachusetts is seeking a vendor to manage a private debt mandate for the System’s $8.6 billion defined benefit, pension fund. The scope of work will center on strategies such as credit opportunities, distressed debt, and direct lending.

Eligible fund strategies must include direct lending, credit opportunities, or distressed debt. Funds must generally be structured as closed-end vehicles; however, evergreen structures may also be considered for direct lending strategies. The engagement requires expert knowledge of institutional pension fund mandates and experience managing complex private debt investments.