The last month of 2024 saw a considerable number of RFPs issued by institutional investors across both international and domestic fixed income and equities, as well as real assets.
In December, Dakota tracked seven issued RFPs with total investment allocations exceeding $800M, including a $450M international equities mandate from Cook County Annuity and Benefit Fund and $110M in international fixed income from New Bedford Contributory Retirement System. Notably, the Massachusetts-based Natick Contributory Retirement Board launched a search for investment management firms to oversee its portfolio through either a manager of managers approach or a discretionary services/outsourced CIO platform, offering a potential allocation of up to $200M.
In this blog, we bring you a comprehensive list of RFPs that were issued in the month of December from various sectors including Fixed Income, International Equities, Real Assets, and more. These RFPs provide insight into current institutional investment priorities and strategies, and can serve as a valuable resource for market participants seeking to understand evolving investor demands and preferences.
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Manager of Managers or Discretionary Services/Outsourced CIO
Natick Contributory Retirement Board
Amount: $200,000,000
Deadline: January 10, 2025
Global Multi Sector/Unconstrained Fixed Income
New Bedford Contributory Retirement System
Consultant: Segal Marco Advisors
Amount: $110,000,000
Deadline: January 8, 2025
International Equities
Cook County Annuity and Benefit Fund
Consultant: Callan Associates
Amount: $450,000,000
Deadline: January 3, 2025
Oakland Police & Fire Retirement System
Consultant: Meketa Investment Group
Amount: $30,000,000
Deadline: January 10, 2025
Real Assets / Timber / Farmland
New Bedford Contributory Retirement System
Consultant: Segal Marco Advisors
Amount: $16,000,000
Deadline: January 20, 2025
US Small Cap Equity
City of Marlborough Contributory Retirement System
Consultant: Meketa Investment Group
Amount: $30,000,000
Deadline: December 23, 2025
US Core Plus Fixed Income
City of Lauderhill Firefighters' Retirement System
Consultant: Dahab Associates, Inc.
Amount: $6,000,000
Deadline: January 24, 2025
To learn more about these RFPs and view all, book a demo of Dakota Marketplace!
