The Board of Trustees (“Board”) of the Park Employees’ and Retirement Board Employees’ Annuity and Benefit Fund of Chicago (the “Fund”) hereby issues a request for competitive proposal (“RFP”)from investment advisory firms that are a Minority-owned business, a Women- owned business, or a business owned by a person with a disability, as those terms are defined in the Fund’s Procurement Policy for Investment Advisers (“MWDBE”), interested in providing a Core Investment Grade Fixed Income strategy(s). All formsneeded for submitting a response to this RFP are available on the Fund’s website at https://www.chicagoparkpension.org/core-bond-rfp/ and the consultant’s website at https://meketa.com/manager-center/request-for- proposal/.
Firms submitting proposals (“Respondents”) to this RFP are responsible for monitoring the Fund’s website for information pertaining to the RFP, while the RFP is outstanding.
It is the public policy of the State of Illinois to encourage the Board to increase the racial, ethnic, and gender diversity of its fiduciaries to the greatest extent feasible within the bounds of financial and fiduciary prudence. In furtherance of this public policy and the requirements of the Illinois Pension Code (40 ILCS 5/1-109.1), it is the Board’s goal to use its best efforts to increase the racial, ethnic, and gender diversity of its fiduciaries, including its external investment managers. Consistent with that goal, the Board will only consider emerging investment managers, as defined in the Fund’s Procurement Policy for Investment Advisers, and MWDBE investment managers that meet the required capabilities for this RFP. If there are multiple emerging or MWDBE Respondents that meet the criteria set forth in the RFP, then the Board may choose the most qualified firm or firms to present.
RFP TIMELINE AND MANDATE SIZE
Date of Issue: May 15, 2023
RFP Submission Due Date: June 15, 2023
Mandate Sizes: approximately $23 million
For a copy of the RFP: Please follow the link below. All submissions are to be completed through DiligenceVault.