Contra Costa County Employees’ Retirement Association, Concord, Calif., is searching for a consultant to assist with private markets design and implementation services.
The consultant would assist with portfolio design, implementation plans and individual fund due diligence, the RFP said. It is a new kind of consultant for the $7.1 billion pension fund.
Areas covered would include private equity, private credit, private real assets and private opportunistic investments. The RFP says multiple firms could be hired. Private real estate and hedge fund consulting services are not part of the search.
The plan has target allocations of 16% to private credit and 12% to private equity, said Timothy Price, chief investment officer, in an e-mail. “We currently have a real assets allocation of 5% (exclusive of real estate) that will be subsumed within the private equity and private credit allocations going forward,” Mr. Price said. “Our private real assets program currently consists of energy, metals, mining and agriculture.”The RFP is available on the pension fund’s website.
Interested firms should indicate their intent to bid by Aug. 31 and complete a questionnaire by Sept. 16. No timetable was indicated for a hiring selection.