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TERS issues RFP for investment consultant

The Tacoma-based public pension is seeking investment consulting services.

Institution: Tacoma Employees’ Retirement System
Headquarters: Tacoma, US
AUM: $2.12 billion
Allocation to alternatives: 27%

Tacoma Employees’ Retirement System has issued a request for proposal for an investment consultant, a contact at the pension informed Private Equity International. The pension’s current investment consultant, Wilshire Associates, whose contract is set to expire in March 2022, is also invited to resubmit a bid.

Earlier this year, the pension disclosed its plans to issue an RFP, as previously reported by PEI.

As illustrated below, as of June 30, 2021, TERS’ private equity portfolio was valued at $248 million, which accounts for 11.7 percent of its investment portfolio. The pension’s chief investment officer is Timothy Allen.

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