Request for Proposals

May 6, 2024

Investment Consulting and Performance Measurement Services

On April 8, 2024, the Illinois Municipal Retirement Fund (IMRF) requested 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 were due on May 3, 2024. 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. Respondents shall not contact IMRF Board members during the Quiet Period. An RFP respondent will be disqualified for violating the Quiet Period.