Ohio Public Employees Retirement System, Columbus, issued an RFP for a private equity consultant, said Greg Uebele, senior investment officer at the $84.5 billion fund. Incumbent Pacific Consulting Group, whose contract expires Feb. 6, will be allowed to rebid, Mr. Uebele said.
Ohio PERS has a 4% target allocation to private equity, with $750 million already invested. The fund plans to invest an additional $750 million a year to private equity until 2008, and 15 to 20 new commitments to both venture capital and buyout managers between 2006 and 2008, said Mr. Uebele.
The RFP is available on the plan's website, www.opers.org; proposals are due Sept. 30. A decision will be made before PCG's contract expires.