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SPRINGFIELD, IL – Teachers’ Retirement System is requesting proposals from qualified consulting firms to assist the System in making prudent investment decisions for the system’s $60.7 billion portfolio.

The successful applicant or applicants will demonstrate successful experience in investment strategy, the structure of an institutional investment portfolio, asset allocation, research and sourcing of investment opportunities, performance monitoring, as well as support for a wide range of TRS activities.

TRS is issuing this RFP because the five-year contract of the System’s current general consultant, RVK, Inc., of Portland, Oregon, will expire later this year. RVK is invited to submit a response to this RFP. Under state law, contracts for general investment consulting services are limited to a maximum of five years.

All proposals responding to the “Request for Proposals” for a general investment consultant must be submitted via email to TRS by 2 PM C.S.T. on Thursday, February 9, 2023.

The complete RFP, including detailed instructions for submitting a proposal, is posted here.

About Teachers’ Retirement System

The Teachers’ Retirement System of the State of Illinois is the 42nd largest pension system in the United States, and provides retirement, disability and survivor benefits to teachers, administrators and other public school personnel employed outside of Chicago. The System serves 439,000 members and had assets of $60.7 billion as of September 30, 2022.

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