Meketa Investment Group regards each search as unique, driven by specific client needs, and requiring a fresh and comprehensive review of the marketplace. To facilitate our searches for appropriate managers, we use eVestment Alliance and Morningstar databases to conduct broad initial screens of the manager universe. Additionally, we compile our own proprietary manager database of approximately 2,000 investment managers and over 3,500 of their respective investment products. Each search is conducted in an open, competitive manner, consistent with our role as a fiduciary.
We post RFPs for certain investment manager searches. If you are interested in participating in a search, please download the RFP and submit it, as described below.
Lexington Retirement System - Senior Lending
The Board Members of the Lexington Retirement System would be pleased to receive proposals regarding capabilities and experience from managers of a senior direct lending strategy. More specifically, the Retirement Board seeks a demonstrated ability to manage a diversified strategy that directly originates and invests in the senior secured debt (both first and second lien) of North American companies. Only proposals for experienced managers of senior direct lending funds will be considered. Fund-of-funds, co-investment funds, secondary funds, and sector specific funds will not be considered.
The Board intends to commit approximately $7.5 million.
The funds shall be managed in compliance with Massachusetts General Laws, Chapter 32 and Chapter 176, the regulations of the Massachusetts Division of Public Employee Retirement Administration Commission, 840 CMR, and the Placement Agent Policy (available at http://www.mass.gov/perac/docs/forms-pub/memos/2011/perac-placement-agents-policy.pdf).
All bidders are hereby advised that any proposal selected shall be subject to (1) approval of the Board, (2) a written contract and (3) approval of the engagement by the Massachusetts Public Employee Retirement Administration Commission (PERAC).