Texas County & District Retirement System, Austin, is searching for one or more investment consultants.
The $49.7 billion pension fund is seeking proposals from consultants that can provide general investment consulting, as well as hedge fund, private equity and real estate consulting services, according to a request for qualifications on its website.
According to the RFQ, the pension fund will consider one or more consultants to provide the four services. Currently, Cliffwater provides all the services.
The RFQ does not disclose whether Cliffwater is invited to rebid. Casey Wolf, chief investment officer, could not be immediately reached for further information.
The pension fund’s target allocation is 29% credit, 25% each public equities and private equity, 10% real assets, 6% hedge funds, and 5% investment-grade bonds and cash.
The RFQ is available on the pension fund’s website. Proposals are due by 8 a.m. CST on Feb. 14. Finalist interviews and selections will take place in March or June, depending on response volume.