ID: RFP-20-23-03

The State Universities Retirement System (SURS) is requesting proposals from investment consulting firms to provide real assets consulting services to SURS Investment Staff and Board of Trustees. This search was authorized by the Board of Trustees and seeks to identify potential full-service real assets retainer investment consultants (the “Consultant”). Respondents to this RFP are encouraged to describe ways in which they believe their firm’s capabilities are unique and add compelling value. This is a non-discretionary, full-retainer mandate. SURS will retain discretion over all manager/fund selection decisions. The Consultant will report to the Board of Trustees and will also be required to work with and provide assistance to the SURS investment staff. It is anticipated that SURS will enter into a five (5) year contract with the Consultant, in accordance with the provisions of section 113.14 of the Illinois Pension Code (40 ILCS 5/1-113.14). 

Document NameDatePages
Real Assets ConsultantDecember 12, 202218
Appendix A – Minimum Qualification CertificationMicrosoft WordDecember 12, 20221
Appendix B-1 – Diversity Disclosure Microsoft ExcelDecember 12, 20223
Appendix B-2 – Compensation and Economic Opportunity Disclosure – Microsoft WordDecember 12, 20222
Appendix B-3 – SURS DEI Questionnaire – Microsoft WordDecember 12, 20222
Appendix C – Questionnaire – Microsoft WordDecember 12, 20227
Appendix D – Fee Proposal – Microsoft WordDecember 12, 20221
Appendix E – SURS Investment InformationDecember 12, 20222
Appendix F – SURS Investment Consultant Services AgreementDecember 12, 202219
Appendix G – Addendum to ContractDecember 12, 20223
Appendix H – SURS Investment Procurement PolicyDecember 12, 202213
Question and Answer DocumentJanuary 13, 20224


Quiet Period BeginsDecember 12, 2022
RFP IssuedDecember 12, 2022
Responder Questions DueJanuary 6, 2023
Responses to QuestionsJanuary 18, 2023
RFP Responses Due 4:30 p.m. CSTFebruary 10, 2023
EvaluationsFebruary-March 2023
Candidate InterviewsApril 2023
Selection by SURSJune 1, 2023

All dates subject to change at SURS discretion