Illinois State Universities Retirement System, Champaign, is searching for a general investment consultant, said an RFP on the $16.9 billion pension fund's website.
The reason for the search and information on whether current consultant NEPC can bid could not immediately be learned.
The selected firm may also potentially provide specialty investment consulting services in the areas of defined contribution, real estate, hedged strategies and private equity, according to the RFP.
The RFP is available on the pension fund's website.
Proposals are due by 4:30 p.m. CDT on Aug. 11, with a hiring decision expected on Dec. 17.
As of Dec. 31, the pension fund had a target asset allocation of 23% U.S. equity; 19% each non-U.S. equity and core fixed income; 8% global equity; 6% each private equity and real estate; 5% hedged strategies; 4% each Treasury inflation-protected securities and real estate investment trusts; 3% emerging markets debt; 2% commodities; and 1% opportunity fund, which is currently comprised of infrastructure.
SURS also oversees $1.9 billion in defined contribution assets.
A spokeswoman could not immediately be reached for additional information.