CalPERS is searching for a firm to provide real assets valuation management and consulting services.
The selected firm would provide management and oversight of quarterly valuations and annual appraisals in the $303.3 billion pension fund's real assets portfolio, which includes real estate, infrastructure and forestland investments. As of June 30, the combined real assets portfolio was valued at $32.3 billion.
CalPERS spokesman Joe DeAnda could not immediately provide information on an incumbent.
The RFP is available on CalPERS' website.
Proposals are due by 3 p.m. PDT Sept. 22. Proposals will be evaluated in October and finalists selected in November. CalPERS intends to award an contract in January, and the selected firm is expected to start in April.
Separately, the California Public Employees' Retirement System, Sacramento, is also looking for a managing director for its fixed-income asset class who would lead investments in opportunistic credit, spokesman Joe DeAnda said in an e-mail. The position is new.
The position oversees high-yield credit and enhanced cash investment strategies. Applications are being accepted through Sept. 9.
The application is available on a state jobs website.