Minnesota State Board of Investment, St. Paul, is searching for one or more consultants for five-year contracts.
An RFP posted on the board's website Monday said board members are scheduled to select consultant(s) at its Aug. 25 meeting.
The five-year contracts are earmarked to begin in September, the RFP said.
The contracts of the SBI's existing consultants Aon Investments and Meketa Investment Group expire in 2022 and the SBI is required to rebid vendor contracts every five years, said Mansco Perry III, the SBI's executive director and CIO in an email. He added that the existing consultants may rebid for the contract.
As of March 31, SBI managed a total of $116.9 billion, including $84.5 billion in combined assets for Minnesota public defined benefit plans and $9.7 billion in participant-directed plans, with the balance managed in other state funds.
