Private Debt Investment Manager Services

The Somerville Retirement Board in Somerville, Massachusetts, is seeking a private debt investment manager to provide specialized financial services. The agency is trying to identify and commit to one or more managers that offer a dedicated Direct Lending strategy. This initiative aims to optimize the authority's investment portfolio through targeted private debt placements. The scope of work requires the selected manager to oversee and execute a dedicated Direct Lending strategy from an offsite location. Eligible bidders must be onshore organizations based exclusively in the United States. The agency has not disclosed a set budget and is looking for proposals to define the financial terms of the agreement.