Request for Proposals

April 16, 2024

Investment Consulting and Performance Measurement Services

The Illinois Municipal Retirement Fund (IMRF) is requesting proposals from investment consulting firms to provide general investment consulting services across all major asset classes, periodic asset liability studies, and performance measurement services to its Board of Trustees and Staff. IMRF will consider specialty consulting firms for Real Assets advisory services and Alternatives (Private Equity and Private Credit) advisory services. Firms may submit individual or combined proposals for 1) General Consulting and Performance Measurement, 2) Real Assets Advisory and 3) Alternatives Advisory (Private Equity and Private Credit). A single firm or multiple firms may be considered and/ or hired for the services required.

Completed proposals must be received by the end of the day on May 3, 2024. All proposals shall become the property of IMRF.

The Quiet Period for this RFP began on April 8, 2024, and is expected to end on August 30, 2024 (subject to change).

The Quiet Period for this process is the period of time beginning when the RFP is issued and ends when the investment consultant is selected by the IMRF Board of Trustees, or the process is declared to be complete. The requirements of the Quiet Period are in Section 1.4 of the RFP. Respondents shall not contact IMRF Board members during the Quiet Period. An RFP respondent will be disqualified for violating the Quiet Period.

Please click here to access the RFP.

RFP Proposal Attachments:

• Firm Submission Summary
• Fee Template
• Team Table
• Annual Diversity Profile - Consultants

Please click here for a list of FAQs

All questions must be directed to [email protected].

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