California Public Employees' Retirement System, Sacramento, trustees approved an RFP for general pension consultant services. The RFP is scheduled for release no later than Sept. 30.
Trustees for the $133 billion fund will seek a primary pension consultant, a position now held by Wilshire Consultants and Pension Consulting Alliance. Both are expected to rebid. The RFP also will seek consultants for a special projects pool.
Deadline for written questions is Oct. 19; final filing date is Nov. 30; finalist recommendations are expected Feb. 16; final selections are expected March 15.
In a separate matter, trustees approved four finalists to help CalPERS establish a venture capital vehicle, a new investment concept for the system. Finalists are Pinnacle Ventures; Grove Street Advisors; Atrium Capital Corp.; and Sovereign Financial Services.
CalPERS previously approved allocating up to $350 million to one or more venture capital vehicles. Final selection is expected Oct. 22.