ID: RFP-20-23-01

The State Universities Retirement System of Illinois (SURS) is soliciting proposals from investment consulting firms to provide general consulting services to SURS investment staff and SURS Board of Trustees for the Defined Benefit plan. This is a non-discretionary mandate with SURS retaining discretion over all manager/fund selection decisions. Private equity, private credit and real assets are not covered in this RFP as SURS has specialty consultants in those classes.  SURS also has a separate consultant for the Defined Contribution plan.

Document NameDatePages
General Consultant – Defined BenefitJuly 5, 202236
Appendix E – SURS Diversity Disclosure – Microsoft ExcelJuly 5, 20223
Appendix F – Compensation and Economic Opportunity Disclosure – Microsoft WordJuly 5, 20222
Appendix G – SURS Investment Plan FY 2022July 5, 202226
Question and Answer DocumentJuly 29, 20223
Summary Risk ReportJuly 29, 202211

Schedule

DescriptionDate
Quiet Period BeginsJuly 5, 2022
RFP IssuedJuly 5, 2022
Responder Questions DueJuly 15, 2022
Responses to QuestionsJuly 29, 2022
RFP Responses Due 4:30 p.m. CSTAugust 31, 2022
EvaluationsSeptember-October 2022
InterviewsNovember 2022
Selection by SURSDecember 8, 2022

All dates subject to change at SURS discretion