Missouri State Employees' Retirement System, Jefferson City, has issued an RFP for a specialty consultant for illiquid alternatives, according to Chief Investment Officer Seth Kelly.
The specialty consultant will assist Mr. Kelly and investment staff with investment manager research, due diligence and oversight in private markets assets classes, such as private credit, private equity and private real assets, the RFP said.
The selected consultant would serve MOSERS' $8.2 billion defined benefit plan and its two defined contribution plans, which had about $2.2 billion in assets combined, as of June 30, Mr. Kelly confirmed Tuesday in an email.
The plan did not have a specialty consultant before.
Mr. Kelly expects the contract with the selected specialty consultant to have a term of three years. The deadline to respond to the RFP is 4:30 p.m. CST Dec. 17. The RFP is posted on MOSERS' website.