Searches and Hires

Orange County Employees casts net for private equity consultant

Orange County Employees Retirement System, Santa Ana, Calif., is searching for a consultant for private equity and other illiquid investments.

Currently, Meketa Investment Group is the $14.7 billion pension plan's alternative investment consultant. Pension fund executives decided in September to hire an additional consultant to assess global private equity general partners.

"In general, the firm selected as a result of this RFP will provide strategic advice, source investments, conduct due diligence, report and monitor the illiquid assets portfolio, collaborate with OCERS' staff and investment committee, and attend meetings as needed," according to the RFP.

OCERS had $787 million invested in private equity as of July 31.

The RFP is available on OCERS' website. Responses are due Oct. 31, with the investment committee expected to make a selection as early as February.