California Public Employees’ Retirement System, Sacramento, is searching for a real estate consultant, said an RFP on the $291 billion pension fund’s website.
The selected firm will provide strategy and policy analysis, performance analysis and monitoring, and assist in special projects among other services for CalPERS’ $27 billion real estate portfolio.
The contract of incumbent real estate consultant Pension Consulting Alliance expires March 31, 2017. PCA will be invited to rebid, a spokeswoman told Pensions & Investments last month.
The RFP is available on CalPERS’ website. Proposals are due at 3 p.m. CST on Dec. 1. Finalist interviews are tentatively scheduled for May with a hiring decision some time after.
CalPERS’ interim strategic target for real estate is 10%.
A spokesman could not immediately be reached for additional information.