Louisiana Teachers' Retirement System, Baton Rouge, is searching for general investment consultants for its $23 billion defined benefit plan and $2.4 billion 401(a) plan.
TRSL has issued a solicitation for proposals due to the impending contract expirations of current DB plan consultant Aon Investments USA and DC plan consultant Mercer on June 30.
Both firms are eligible to rebid, said Dana T. Brown, director of public markets.
As of Jan. 31, the DB plan's actual allocation was 28% domestic equities; 17% private equity/venture capital; 12% international developed markets equities; 9% real estate; 8% domestic fixed income; 7% emerging markets equities; 6% private markets debt; 4% infrastructure/commodities/farmland; 3% each emerging markets debt and global high yield; 2% international developed markets fixed income; and 1% global real estate investment trusts.
The 401(a) plan's record keepers are AIG Retirement Services and TIAA-CREF.
The SFP is available on TRSL's website. Proposals are due at 4:30 p.m. CDT on April 5. A selection is expected no later than June 4.
