2025 got off to a busy start with Dakota tracking 13 investment RFPs issued in January, representing nearly $3.9B in potential allocations across international and domestic equities and fixed income, private credit, infrastructure, and hedge funds/liquid alternatives.
Notable among the searches were the $1.4B RFPs from the Public Employees’ Retirement System of Mississippi and the Indiana Public Retirement System seeking investment firms with products in global equities and opportunistic credit, respectively. The State Universities Retirement System of Illinois also launched a search for convertible bond strategies on an $800M mandate, while the Teachers’ Retirement System of Illinois issued its own $400M RFP seeking low duration fixed income managers.
Read on for a comprehensive look at all the manager searches issued by public pensions across asset classes including international and US equities, private credit, infrastructure, and fixed income. To learn more and subscribe to our Searches, click here!
Global Equities
Public Employees' Retirement System of Mississippi
Consultant: Callan
Amount: $1,400,000,000
Deadline: March 31, 2025
Teachers' Retirement System of Illinois
Consultant: RVK
Amount: N/A
Deadline: February 13, 2025
Absolute Return
Iowa Public Employees Retirement System
Amount: N/A
Deadline: February 21, 2025
International Value / Growth Equities
Taunton Contributory Retirement System
Consultant: Dahab Associates
Amount: $20,000,000
Deadline: February 12, 2025
Opportunistic Credit
Indiana Public Retirement System
Consultant: Verus
Amount: $1,400,000,000
Deadline: February 24, 2025
Infrastructure
Chicago Metropolitan Water Reclamation District Retirement Fund
Consultant: Marquette Associates
Amount: $80,000,000
Deadline: February 21, 2025
US Small / SMID Cap Equity
Bristol County Retirement System
Consultant: Segal Marco Advisors
Amount: $21,000,000
Deadline: February 11, 2025
Medford Contributory Retirement System
Consultant: NEPC
Amount: $10,000,000
Deadline: February 12, 2025
US Large Cap Equity
City of Holyoke Retirement Board
Consultant: Mariner
Amount: $20,000,000
Deadline: February 14, 2025
Low Duration Fixed Income
Teachers' Retirement System of Illinois
Consultant: RVK
Amount: $400,000,000
Deadline: February 28, 2025
Convertible Bond Strategies
State Universities Retirement System of Illinois
Consultant: Meketa
Amount: $500,000,000
Deadline: March 7, 2025
To learn more about these RFPs and view all, book a demo of Dakota Marketplace!
