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Requests for Proposals

IPERS issues Requests for Proposals (RFPs), and Requests for Information (RFIs) to allow various companies and organizations an opportunity to work with IPERS on projects, studies, and other initiatives.

Current Requests

Posted February 5, 2021
IPERS is conducting a search to evaluate and select private markets investment software services. Submit proposals by March 5, 2021.

Posted December 18, 2020
IPERS is conducting a search to identify absolute return investment products that could potentially be used in a portable alpha strategy. IPERS will utilize eVestment, HFR, and Barclays Hedge databases to collect the returns data, and all products in those databases that meet the criteria described above as of January 6, 2021 will be considered in IPERS’ search. 

Posted October 7, 2020

IPERS is conducting a search to evaluate and select Opportunistic Private Credit products. Submit proposals by November 10, 2020.

Intent to Award Contracts

Posted March 31, 2021

The Investment Board on March 26, 2021, approved the hiring of the following managers for the Opportunistic Private Credit RFP (I-2021-1) for the Multi-Strategy and Mezzanine sub-strategies.

Crestline Investors, Inc.Multi-StrategyAllocation
Marathon Asset ManagementMulti-StrategyAllocation
CarVal InvestorsMulti-StrategyBench
Varde PartnersMulti-StrategyBench
Ares ManagementMezzanineAllocation
Audax GroupMezzanineAllocation
Blackstone Credit (GSO)MezzanineBench

*Manager status is either Allocation or Bench.  Allocation status reflects a planned allocation to the selected manager contingent on successful completion of operational due diligence and contract negotiations.  Bench status reflects a manager that has been pre-approved for future consideration within a particular sub-strategy.

Proposals submitted under the Specialty Finance, Special Situations, Real Assets and Other sub-strategies are still being reviewed. 

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