Texas Emergency Services Retirement System, Austin, is searching for a firm to manage a master limited partnership portfolio of about $4 million, according to an RFP posted on the state's procurement website.
It is a first-time allocation to MLP, according to a person at the $74 million pension fund who did not wish to be named. Funding will come from rebalancing; no managers will be terminated.
The RFP is available on the state's website. Proposals are due at 5 p.m. CDT on Oct. 23. Finalist presentations and selection are scheduled to take place at the Dec. 10 board of trustees meeting.