New Mexico Educational Retirement Board, Santa Fe, launched an RFP for a private equity consultant, said Steve Neel, deputy chief investment officer, in an e-mail.
NEPC is the incumbent and has been invited to rebid. NEPC’s contract was extended to Dec. 31 to allow time for the RFP process.
The selected firm would have no discretionary authority over the $11.3 billion pension fund’s assets, the RFP said.
The RFP is on the pension fund’s website. Responses are due 5 p.m. MDT Oct. 21, with a selection as early as Dec. 12.