Alaska Retirement Management Board, Juneau, will issue an RFP for an investment consultant on Feb. 17, confirmed Judy Hall, liaison officer for the board.
Incumbent Callan Associates will be invited to rebid. Its contract expires June 30. The RFP will be posted on the state's procurement website. A consultant is expected to be in place by July 1, Ms. Hall said.
Separately, the board, which oversees $24.8 billion in retirement assets, including $20.9 billion in defined benefit plan assets, hired Everest Capital to run $100 million in the plans' first investment in frontier markets equity. The funding source has not been determined yet; no mangers will be terminated. Callan assisted.
Also, the board committed $75 million to KKR Real Estate Partners Americas, a real estate fund managed by KKR & Co. that focuses on acquisitions in Europe and the U.S.
Real estate consultant Townsend Group assisted.