Pennsylvania Public School Employees' Retirement System, Harrisburg, is searching for a non-discretionary private markets consultant.
The $72.5 billion pension fund issued an RFP due to the upcoming expiration of current consultant Hamilton Lane's contract Sept. 14, said Steve Esack, pension fund spokesman, in an email. The firm is eligible to rebid, Mr. Esack said.
As of June 30, the actual allocations to private equity, private real estate and private infrastructure were 16.4%, 7.4% and 0.7%, respectively.
The RFP is available on the state's procurement website. Proposals are due at 5 p.m. EST on Feb. 22. Finalist presentations, if necessary, will take place between April 6 and April 15. Mr. Esack declined to comment on the timeline for a selection.