Updated with correction.
NEPC is the general investment consultant for Ohio Public Employees Retirement System. Incorrect information appeared in an earlier version of this story that ran in the Aug. 2 P&I Daily.
Ohio Public Employees Retirement System, Columbus, is searching for a private alternatives due diligence consultant.
The $113.1 billion retirement system, which includes $99.5 billion in defined benefit plan assets, has issued an RFP due to the upcoming expiration of current consultant Mercer's contract, spokesman Michael Pramik said in an email.
The firm is invited to rebid. The selected consultant reports to OPERS staff, not its board, Mr. Pramik said. NEPC serves as the board's general investment consultant.
As of March 31, the DB plan's actual allocations to private equity and real estate were 10.7% and 9%, respectively.
The RFP is available on OPERS' website. Proposals are due at 5 p.m. EDT on Aug. 27. A timeline for a selection has yet to be determined.
