State of Wisconsin Investment Board, Madison, plans to issue an RFP in early 2016 for private equity consulting, said Vicki Hearing, communications manager.
The consulting would be for two separate services, one for consulting and the other for monitoring and reporting services. SWIB could hire more than one consultant.
“They are two separate contracts and do not have to be awarded to the same firm,” Ms. Hearing said in an e-mail.
The plans for the RFP come after SWIB extended StepStone Group’s separate contracts for private equity consulting, and monitoring and reporting services until Sept. 30, 2016, Ms. Hearing said. The contracts were to expire Sept. 30 and Sept. 9, respectively, both in 2015.
SWIB’s “private equity is involved in a cross functional collaboration to assess and recommend a course of action for SWIB related to private equity investment consulting services and monitoring/reporting solutions in the future,” Ms. Hearing said. “This collaboration will play a role in how SWIB approaches the next private equity consultant RFP that will be issued in early 2016.”
SWIB oversees $104 billion in assets, including $7 billion in private equity.
