Texas Tech University System, Lubbock, is searching for outsourced chief investment officer services for its $1.3 billion endowment.
The initial term of the contract will be for four years.
The endowment's target asset allocation as of its fiscal year ending Aug. 31 was 30% each to equity and private investments and 20% each to debt and diversifying assets, according to its latest annual report.
The RFP is available on the university system's procurement website. Registration is required. Proposals are due 1 p.m. CDT April 28. A selection is expected to be made in July.
David Miller, senior sourcing analyst for the university, could not be immediately reached for additional information.
