Vermont Pension Investment Committee, Montpelier, is searching for an investment consultant, confirmed Stephen Rauh, chairman of the investment committee.
The committee, which oversees the $3.8 billion Vermont State Retirement Systems, is conducting the search due to a state law that requires the rebidding of most state contracts every four years. Current consultant NEPC is invited to rebid.
An RFP will be posted on the Vermont state treasurer’s website within the next several days, according to Mr. Rauh. A decision is expected by the end of May.
Separately, the committee committed $40 million to Siguler Guff & Co.’s distressed real estate opportunities fund.
The committee issued an RFP for non-core real estate managers in September after the target real estate allocation was increased to 6% from 4.5%. Other finalists at the Jan. 28 committee meeting were Franklin Resources and Partners Group.
NEPC assisted with the commitment.
