Texas Tech University System, Lubbock, is searching for an investment consultant for its $1.6 billion Long-Term Investment Fund of endowment assets.
The system has issued an RFP due to the upcoming expiration of current consultant NEPC's final allowable contract extension, said Chris Gailey, director of investment operations. The firm is eligible to rebid, he said.
As of May 31, the long-term investment fund's actual allocation was 31.6% public equities, 21.4% private equity, 13.8% hedge funds, 12.8% public debt, 10.8% private debt, 5.1% cash, 4% private real assets and 0.5% liquidating funds.
The selected investment consultant will also serve the university system's $1.9 billion Comprehensive Cash & Investment Pool of operating and reserve funds.
The RFP is available on the university's system's procurement website. Registration is required. Proposals are due at 1 p.m. CDT on Oct. 23. A selection is expected in January, Gailey said.