Colorado's Public School Fund Investment Board, Denver, is searching for investment management firms to provide core open-end private real estate portfolio management services to the state's $1 billion School Trust endowment. The amount to be allocated was not disclosed.
Callan, investment consultant to the investment board, is assisting with the search.
Firms must have 10 years of private real estate investment management experience, at least $3 billion in private real estate assets under management and at least $5 billion in total AUM as of Dec. 31 to be considered.
The RFP is available on Callan's website. Proposals are due by 4 p.m. MST Feb. 15. A selection is expected to be made in April.
The current asset allocation is 80% fixed income and 20% equities.
Kristen Wiley, Public School Fund portfolio administrator, and Eric Rothaus, deputy state treasurer, could not be immediately reached for additional information.