TCERA to issue RFP for investment consultant

Institution: Tulare County Employees Retirement Association
Headquarters: Visalia, United States
AUM: $1.64 billion
Allocation to alternatives: 19.57%

Tulare County Employees Retirement Association has agreed to issue a request for proposal for an investment consultant, as mentioned during the institution’s November 2020 retirement board meeting. The initial contract term is three years with two one-year extensions at the retirement board’s discretion.

Verus Advisory, the pension’s investment consultant for the last 10 years, is also invited to respond. The deadline for submissions is 22 January 2021.

As illustrated below, TCERA currently allocates 4.48 percent of its investment portfolio to private equity. As of 30 September, the value of its private equity portfolio was approximately $73.31 million. The pension’s retirement administrator is Leanne Malison.

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