CalPERS issues RFP for infrastructure and real estate consulting services
The $288.3 billion California Public Employees’ Retirement System has issued an RFP to establish a pool of infrastructure and real estate technical consultants. According to the RFP, the retirement system plans to establish a pool of service providers that can provide portfolio analysis, monitoring and reporting, benchmark analysis, financial and banking services, tax and accounting services, insurance due diligence, market and technical due diligence, and modeling services. Responses to the RFP are due Aug. 5. Pension Consulting Alliance currently provides real estate consulting services for the retirement system and will have the opportunity to apply for the position. CalPERS currently has $28.4 billion invested in real assets, as of April 16, representing 9.85 percent of total portfolio assets.