Texas Teacher Retirement System, Austin, will launch a search for a general investment consultant in October, said Jase Auby, chief investment officer.
The $202 billion pension fund will issue an RFP sometime in October due to the upcoming expiration of current consultant Aon Investment USA’s contract on Aug. 31, 2025.
The firm will be invited to rebid, Auby said. Aon and predecessor firms have provided the services to the pension fund’s board for more than 20 years.
Specific timelines have yet to be determined, but the RFP will be issued sometime in October, proposals will be due in November, and finalist presentations and a selection by the board will take place in February.
The RFP will be posted on the state of Texas’ procurement website.
