Indiana Public Retirement System, Indianapolis, will reissue an RFP on June 29 for a record keeper for its $7 billion Annuity Savings Plan, said Steven Russo, executive director.
The board currently handles duties internally, but previous RFPs were withdrawn until the Indiana Legislature approved a bill that allowed for an external provider for the plan. The RFP will be posted on the retirement system’s website.
Separately, the $30.4 billion retirement system invested $50 million each with absolute-return managers Aeolus Capital Management and Nephila Capital. Both invest in property casualty reinsurance and risk.
Also, $75 million was committed to GSO Energy Select Opportunities Fund, a private equity fund managed by GSO Capital Partners investing in North American energy, and $15 million to EFM Moda Holdings, a private equity co-investment with EnCap Flatrock Midstream Fund III that invests in liquid storage and distribution.
Funding comes from cash; no managers were terminated.
