Real Estate Debt (Private, Open or Closed-End) Mandate

Posted on: January 10, 2020

The Oklahoma Tobacco Endowment Settlement Trust (“The Trust”) is seeking a Real Estate Debt (Private, Open or Closed-End) manager that will outperform both a relevant benchmark and a peer group of comparable funds. The benchmark will be jointly agreed to by the manager and the fund. The Board of Investors realizes it cannot dictate specific guidelines to commingled vehicles, including mutual funds and exchange traded funds. Therefore all investment managers are prohibited from purchasing securities directly issued by a tobacco company. This restriction does not apply to the underlying holdings of commingled funds, mutual funds, and/or exchange traded funds. The Trust currently has no exposure to Real Estate Debt strategies. Approximately $30-$35 million will be awarded to one manager.

If you are interested in participating in the search, please complete the included documents and submit them to Anthony Ferrara and Lisa Murray at the addresses below by 4:30 pm pacific time on February 5, 2020:





Real Estate Debt RFP

NEPC Open-End Funds RFI Template

Open-End Fund RFI Document

Closed-End Direct Real Estate Fund Cash Flows

Closed-End Direct Real Estate Fund Performance

Closed-End Direct Real Estate Fund Deal Track Record

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