The $2.1 billion Tacoma (Wash.) Employees' Retirement System (TERS) has launched a search for an investment consultant.
The firm must act as lead investment consultant to at least four defined benefit plans with more than $1 billion in assets and at least three public defined benefit pension plans, according to a recent meeting document. The consultant also should have at least 10 years of experience working with pension funds, endowments and/or other institutional investors.
The deadline to submit proposals is Jan. 11, 2022.
TERS has a $110 million allocation to private core real estate, $86 million to U.S. REITs, $57 million to private real assets, and $63 million to MLPs.
