Friday, November 22, 2024

NYCBERS issues RFP for consultant | Infrastructure Investor

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Name: New York City Board of Education Retirement System
Headquarters: Brooklyn, US
AUM: $9.03 billion
Allocation to alternatives: 24.45%

New York City Board of Education Retirement System issued request for proposals for investment consultant services.

The investment consultant will be subject to a three-year agreement from November 2024 with an optional two-year extension. Additionally, New York City BERS could choose to contract two investment consultants, with one dedicated to general consulting and the other specialising in private markets investments.

The Brooklyn-based institution outlined the following scope for general consulting services:

  • Investment policy and strategy
  • Portfolio structuring and asset class allocations
  • Performance evaluation and benchmarking
  • Training and educating BERS personnel and trustees

New York City BERS outlined the following scope for private markets investment consulting:

  • Strategic advice for BERS’ private markets investment programme
  • New investment identification and evaluation
  • Private markets research reports
  • Operational due diligence
  • Private markets portfolio performance monitoring
  • Private markets back office support

The public pension plan currently has $9.03 billion in assets under management.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.

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