Investment RFPs Announced in July 2024

As we move through the investment landscape, July brought a series of significant RFPs across various asset classes. From private equity and credit to emerging market equities and fixed income, institutional investors sought new opportunities and partnerships to meet their long-term goals. This month, we'll delve into a range of RFPs, including a $15 million Private Equity Fund of Funds search by the City of Marlborough Contributory Retirement System and a $1 billion large-cap equity mandate from the New Mexico State Investment Council. We'll also explore other notable RFPs, such as the Illinois Police Officers Pension Fund's $550 million private credit search and Pennsylvania State Employees Retirement System’s $1.2 billion active U.S. core fixed income mandate. Let's break down the key details and deadlines for each opportunity.

Whether you are an investor, consultant, or financial services provider, these opportunities present a chance to explore and potentially capitalize on new investment avenues. Dive into the details, adhere to the deadlines, and position yourself strategically in the competitive market.

In this blog, we bring you a comprehensive list of RFPs that were issued in the month of July from various sectors including Private Equity, Hedge Funds, Fixed Income, Emerging Markets, Fixed Income, and more.

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Private Equity

City of Marlborough Contributory Retirement System

Asset Class: PE Fund of Funds

Amount: $15,000,000

Consultant: Meketa

Deadline: July 22, 2024

Private Credit

Illinois Police Officers Pension Fund

Asset Class: Private Credit

Amount: $550,000,000

Consultant: Verus

Deadline: August 2, 2024

Real Estate

New Bedford Contributory Retirement System

Asset Class: Core-Open End

Amount: $35,000,000

Consultant: Segal Marco

Deadline: August 13, 2024

 

Somerville Retirement System

Asset Class: Core/Core Plus

Amount: $25,000,000

Deadline: September 4, 2024

Hedge Funds

City of St. Louis Employees Retirement System

Asset Class: Volatility Risk Premium Strategy

Amount: $25,000,000

Consultant: Marquette

Deadline: August 23, 2024

International Equities

Boston Retirement System

Asset Class: Small Cap

Amount: $140,000,000

Consultant: NEPC

Deadline: August 6, 2024

 

New Mexico State Investment Council

Asset Class: Large Cap Core, Large Cap Growth, Large Cap Value, SMID Cap Core, SMID Cap Growth, Smid Cap Value

Amount: $1,000,000,000

Consultant: RVK

Deadline: August 5, 2024

Emerging Market Equities

Los Angeles Water & Power Employees' Retirement Plan

Asset Class: Emerging Market Equities

Amount: $478,000,000

Consultant: RVK

Deadline: August 7, 2024

 

Illinois Firefighters' Pension Investment Fund

Asset Class: Emerging Market Small Cap

Amount: $176,000,000

Consultant: Marquette

Deadline: August 2, 2024

US Fixed Income

Massachusetts Water Resources Authority Retirement System

Asset Class: Passive Core Bond Index

Amount: $30,000,000

Consultant: NEPC

Deadline: August 9, 2024

 

Pennsylvania State Employees Retirement System

Asset Class: Active U.S. Core Fixed Income

Amount: $1,200,000,000

Consultant: Callan

Deadline: August 5, 2024

Global Fixed Income

Indiana Public Retirement System

Asset Class: Passive Global Inflation-Linked Bond

Amount: $850,000,000

Consultant: Verus

Deadline: August 2, 2024

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Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.

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