Open Searches and Pacing Updates (May 2026)

Search and pacing activity tracked by Dakota in May came in notably lighter than the prior month, with five RFPs – only one of which remains open – and two pacing disclosures totaling $390M on the board.

On the search side, Compenswiss’ $1.28B money market fund manager search and Ohio Bureau of Workers Compensation’s $1B high yield multi-asset credit fixed income mandate headline a mix that also included LD Pensions European equities mandate, all of which have now closed. Meanwhile, Fresno County Employees Retirement Association rounded out the list with a private equity/credit investment consultant services search which closed on June 3. Westfield Contributory Retirement System represented the lone open search, issuing an RFP for private equity secondaries investment manager services, targeting an allocation of up to $15M for a contract not exceeding seven years.

Below, we break down these recently disclosed pacing plans informing capital deployment this year, alongside searches that are still active and those that are expected to come to market in the months ahead.

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Dakota

Written By: Dakota