Pension Consulting Alliance is looking to identify qualified infrastructure managers that could manage a pool of investment assets on behalf of U.S. public pension funds and other institutional investors.
The investment consulting firm issued an RFI on behalf of public funds and other institutional investors seeking investment managers for the pool, which could total an estimated $1 billion to $2 billion in assets, according to the RFI.
While the exact structure and governance of the investment vehicle has not been finalized, there will be an oversight committee with a representative from each participating investor, and each institutional investor will have the opportunity to opt out of any investment proposed by the manager. Some investors will require the ability to co-invest outside the investment pool, the RFI states.
PCA will assemble the results of the RFI, and it will be up to the individual plans to decide what to do with the information, said Judy Chambers, PCA managing director.
First-time funds with experienced management teams are encouraged to participate in the RFI process. Responses are due by 5 p.m. EDT Sept. 25. No timetable for selections has been set.
Copies of the RFI are on PCA's website at http://www.pensionconsulting.com.