Tennessee Consolidated Retirement System, Nashville, will search for a private equity consultant and general investment consultant in 2015, said Michael Brakebill, chief investment officer.
The $42.3 billion pension fund will issue an RFP for a private equity consultant in the first quarter of 2015, due to requirements on how long the pension fund can have vendors under contract before putting their services up for bid, Mr. Brakebill said.
The contract of current private equity consultant Cambridge Associates will expire on June 30, 2015. The firm will be invited to rebid.
The pension fund will issue the general investment consultant RFP for similar reasons in the second half of the year. Incumbent Strategic Investment Solutions will be invited to rebid.
The RFPs will be posted on the state’s procurement website.
