CalPERS launched an RFP for a pool of prequalified firms to advise the $344.4 billion pension fund about board governance projects and services on an as-needed basis, spokeswoman Megan White said in an email.
Responses are due by 3 p.m. PST on Jan. 22, with a selection in February.
The Sacramento-based California Public Employees' Retirement System currently has a pool made up of Aon Hewitt Investment Consulting, Brock Capital Group, Funston Advisory Services, Groom Law Group, and Veaco Group, Ms. White said. Their contracts are set to expire in March, and they have all been invited to rebid for the new pool. The RFP is available on CalPERS' website. Registration is required.
Separately, CalPERS committed €270 million ($307.2 million) for Triton Fund V, a European buyout fund. CalPERS has committed to previous Triton Partners funds. CalPERS also invested an additional $4.4 billion in an active global equity strategy managed by Arrowstreet Capital. CalPERS had $4.4 billion in the Arrowstreet portfolio as of June 30. CalPERS also invested an additional $270 million with Pacific Investment Management Co. for an existing international fixed-income portfolio. PIMCO managed $1.1 billion in the international fixed-income portfolio as of June 30.
