Colorado Fire & Police Pension Association, Greenwood Village, plans to issue an RFP for an investment consultant around June, said Scott Simon, chief investment officer, in an email.
The search is being conducted for due diligence purposes. Current consultant Pension Consulting Alliance will be invited to rebid.
The RFP will be posted on the pension fund's website. A hiring decision is anticipated by the end of the year.
Separately, the $4.1 billion pension fund committed $20 million to Rosemawr Capital III, a private equity fund managed by Rosemawr Management that will primarily invest in small issuance, less liquid primary and secondary U.S. municipal bonds, Mr. Simon wrote.
It is a first-time relationship.
Additionally, the pension fund plans approved committing between $200 million to $300 million in “illiquid alternatives” in 2017.
The pension fund has a 23% target to illiquid alternatives, which consists of private equity, private debt, real assets and real estate.
No formal searches are planned. Interested firms can contact the pension fund for more information.
The pension fund's other targets are 36% global public equity, 15% fixed income, 10% each absolute return and long/short equity, 4% managed futures and 2% cash.