Florida State Board of Administration, Tallahassee, is searching for a private equity consultant, confirmed spokesman Dennis MacKee.
The contract of current private equity consultant Hamilton Lane expires Sept. 30, and the $155 billion board is issuing an invitation to negotiate per its policy, said Mr. MacKee in a telephone interview. Hamilton Lane is invited to rebid.
The three-year contract is scheduled to begin Oct. 1, with an option to renew for up to two years.
The only change to the duties of the consultant is that the chosen firm will additionally provide reporting in the strategic investments asset class, according to Mr. MacKee. Those duties had been handled by other external consultants for the board.
The ITN is at www.sbafla.com/fsb/portals/internet/vendors/itn/2012/20120810_ITN_PrivateEquityConsultancyServices.pdf.
Proposals are due at 5 p.m. EDT on Aug. 31. Finalist selections are scheduled for Sept. 10, with potential interviews Sept. 12-21 and a final selection date of Sept. 28.
