New Mexico Public Employees Retirement Association, Santa Fe, plans to launch several searches in May, starting with an RFP for an investment consultant for its $500 million deferred compensation plan, said Jonathan Grabel, chief investment officer.
Incumbent Mercer's contract is scheduled to expire in September; Mercer will be invited to rebid. The RFP was issued Friday.
Responses to the RFP are due in June, with a selection in August.
Separately, officials for New Mexico PERA's $14.5 billion pension fund plan to launch an RFP as early as May 8 for a multistrategy credit manager to manage up to $300 million to $400 million for a new allocation. Responses are expected to be due by May 22, with a selection July 3. Wilshire Associates, the pension fund's general investment consultant, is assisting.
Pension fund officials will also be launching an invitation-only request for information for an active small-cap international equity manager to run a $190 million portfolio. Incumbent Principal Global Investors' contract is set to expire at the end of September; Principal will be invited to rebid. Pension fund officials' goal is to make a selection by the end of September. Wilshire Associates is assisting.
The searches will be posted on New Mexico PERA's website.
The pension fund also committed up to $75 million to RRJ Capital Master Fund III. The private equity fund will make opportunistic investments in China and Southeast Asia. This is the pension fund's first investment with RRJ.
