CalPERS issued an RFP for a pool of consultants for infrastructure and real estate technical investment consulting services.
Consulting firms would be engaged on an as-needed basis to support project and ad hoc initiatives involving portfolio analysis, monitoring and reporting, benchmark analysis, financial and banking services, tax and accounting services, insurance due diligence, market and technical due diligence, and modeling, the RFP said.
The term of the contract will be for five years. Should a contract be awarded, none of the firms in the pool is guaranteed any engagements or compensation.
The RFP is available on the website of the $296.3 billion California Public Employees' Retirement System, Sacramento. Proposals are due at 3 p.m. PDT Aug. 5, and the expected start date is between March and August 2015. The RFP does not state when a decision will be made, but it said applicants will be evaluated beginning in August.