Utah Valley University Foundation, Orem, is searching for a firm to manage approximately $22 million in equities and alternatives, according to an RFP posted on procurement website BidSync.
The $57 million foundation's target asset allocation is 55% marketable equities, 30% fixed income (including cash) and 15% alternatives.
Information on the funding source could not be learned by press time.
The three-year contract can be renewed in one-year increments, but cannot exceed five years.
Proposals are due by 2 p.m. MDT on July 31. A timeline for a hiring decision was not provided. The RFP is available on BidSync's website.
Brandon Thomas, associate director of purchasing operations for the foundation, could not be reached by press time.