District of Columbia Retirement Board, Washington, is looking for one or more investment consultants for the $6.5 billion pension fund.
Respondents may focus on one or more areas: asset allocation and traditional investments; private equity; real assets; and absolute return, the RFP said.
Further details were not available, and calls to Executive Director Eric Stanchfield were not returned by press time.
At their January board meeting, board members agreed to commit at least $335 million to private funds this year. The pension fund’s target allocation is 48% equity, 27% fixed income, 10% absolute return, 8% private equity and 7% real assets.
The RFP is on the DCRB’s website. Proposals are due March 6 at 5 p.m. EST. Finalists will make presentations to the investment committee on May 21, and the contract starts July 1.
